Post by
mofwmofw on Mar 18, 2024 9:20am
Torontojay
Three years ago I contacted a high profile lawyer in Toronto about that very topic of selling and buying back before 30 days were up. His exact words were that you would have to trade ( buy and sell ) the same stock on a daily basis for it to be called day trading which puts you in a higher tax bracket. Other than that, no problem. But to my point, I meant if you sold hoping for a better entry, might not be wise because you might have to re-enter at a higher price if the stock takes off. Remember Illumin, I know you do. GLTA
Comment by
Torontojay on Mar 18, 2024 4:24pm
Interesting video below on paying taxes from a "tax free savings account". https://m.youtube.com/watch?v=0SPzXUktz2A&pp=ygUQcnVzc2VsbCBtYXR0aGV3cw%3D%3D