WELL Health Technologies Corp T.WELL

Sell high, buy back lower.

[Realmattersbull]

I was shorting this.I'm a long holder but made money while it went the other direction. It doesn't cost much to short but every dollar counts and there is that short squeeze risk. So a month ago I started selling 1/3 (2185) of my holdings all in my RRSP account, of Well and buying them back cheaper, usually the same day, then banking the profit. I've done nicely. Ive banked 
$3500 and got that average from 7.50s to 6.10s. A lot less risk that shorting esp since I still hold 3000 shares in other accounts, which works like a hedge.
Many different ways to stay long, but still make money waiting. Averaging down is fine, but you may end up with way to many shares. I'm getting my average  down, banking profit, all while keeping the same amount of shares and avoiding the short squeeze and fees. I'm just saying........   GLTA.

[Noshortsallowed]

What you are doing is actually against the rules for registered accounts in Canada. If you are found to be day trading or derivative trading or complex trades with increased risk (shorting) you will be determined to operating your account like a business and lose your RRSP designation and pay capital gains. This not financial advice but I am abiding by the rules and not daytrading for that reason

[Realmattersbull]

You sir are a fool. That's TFSA accounts not RRSP. Look it up. Rrsp are differed taxable accounts. You really look stupid.

[Realmattersbull]

https://www.ratehub.ca/blog/can-you-day-trade-in-an-rrsp/

[Realmattersbull]

Actually,. Then I can claim my $ 11000 dollar loss in my rrsp account from Nuvei. Do me a favor.

[Realmattersbull]

secondly, you cant get a margin account for an rrsp. Therefor shorting in an rrsp is impossible. Buying and selling qualified stocks in an RRSP is legal. There was a court case decided n the past.  On the other hand, RRSP is totally fine for day trading. I used to refer to Prochuk vs the Queen case as justification. CRA recognizes this too in the tax folio for registered

[Realmattersbull]

Your just a disgruntled holder with no nuts to short. No where did I say I was shorting in an RRSP. Account. Like I said you need a margin account to short stocks and you can't register a margin account. It borrowed money. Youre whole comment is moot. Just because I sell some portion of 1 stock I've held for 1 year, and then buy it back cheaper that day or soon after doesnt qualify me as a

[Realmattersbull]

RRSP. Shorting account. What a fool.

[Realmattersbull]

Inconsistent Treatment? Trading in An RRSP Others simply find it puzzling that the Canada Revenue Agency seemingly adopts a contradictory position without explanation when it comes to registered retirement savings plans. Like a TFSA, a registered retirement savings plan is tax-assisted savings vehicle. Moreover, an RRSP permits the same investment holdings as those allowed in a TFSA. Yet, in

[Realmattersbull]

Did you learn something?  Let's review. You cannot open an RRSP margin account. You can day trade in an RRSP account as long as the stocks are considered qualified by CRA. MAYBE YOU CAN MAKE SOME MONEY NOW Hope this helps.   NOSHORTSALLOWED. LMFAO

[Noshortsallowed]

You don't think your RRSP can be determined to be a business and taxed accordingly? Any registered account can be determined to be a business if you trade it too often. There are a list of common but not of exhaustive factors to consider including whether the account holder derived taxable income from other trading activity which you clearly are. You are calling me stupid but you don't

[Realmattersbull]

You cant read? Or is the precedent setting court case to technical of a read for u ? I guess if I stay under 500 trades this year I'll be ok.. LOL. Keep losing money.. No shorts allowed. How you doing in WELL. today? I'm up another $400. Not to shabby.. I suppose you don't jaywalk either..We are all so proud of you for watching out for the little people and the Government. Pretty sure

[Realmattersbull]

It always amuses me how people like noshortsallowed spurt out false information trying to mislead others into believing what they think is true. Never offering any proof that what others say is wrong..I call out noshortsallowed to find a newer precedent for the Prochuck vs The Queen 2014 case to prove to all that what he says is truth. He can't find a court case that sets a new precedent

[BudFoxx2020]

Regarding this topic.  To be honest CRA could care less about people day trading or tax loss selling.  As long as you report your gains or losses accurately, they will never audit you, ever.  They only audit you if you overcontribute to your RRSP or TFSA, this is an automatic audit.  This has always been the case.  Let me know if you guys know anyone that have been audited

[Noshortsallowed]

You can find the technical interpretation of the CRA by searching: Technical interpretation 2014-05382211C6   but to answer your question, the CRAs current position is that any registered account will be subject to income tax accordingly if it is determined on a case by case that it looks at if you had any specialized knowledge, the amount and frequency of trading etc. Prochuk precedent that

[Realmattersbull]

Ok buddy, you stick with the information I sent you already. LMAO.  GLTU

[Realmattersbull]

If you actually read the ruling thoughly you would see this: . In response, the taxpayer pointed to the 512 trades that he made within his registered retirement savings plan during the taxation year at issue. The CRA and the Crown took the position that trading inside an RRSP cannot be considered a business. The Tax Court of Canada agreed. The court reasoned that the Income Tax Act “treats an

[Realmattersbull]

please consult a tax lawyer and broker before believing any info on here about trading. Whether it's in an registered account or not. Tax court precedents aren't good enough for some people.   LMAO .  NOT FINANCIAL ADVICE, JUST COMMON SENSE.

[Noshortsallowed]

Prochuk isn't binding law. It's one opinion of that specific case facts as to whether it was carrying on a business and doesn't in any way provide some kind of binding authority that would protect someone from the CRA technical bulletin that I provided which clearly states that RRSPs can be liable to income tax if the CRA determines that the frequency of trades, complexity of trade and

[Realmattersbull]

LMAO