TFSA

ExplanationNormal339

Nice recovery! It’s always a wild ride, but remember to keep an eye on those correlations; they can change quickly. If you want to track broader trends, here’s a useful resource: https://aimytrade.io/ticker/TFSA?utm_source=reddit&utm_medium=comment&utm_campaign=smallstreetbets.

FeelingPromise8257

Well actually, I used my high interest TFSA as a saving account and didn’t realize when I pulled money out of it counts toward contributions so I believe in 2023 that’s how went over. However I paid the penalty and now it says I have limit.

emorejmailliw

Had you contributed to your TFSA at all since turning 18?

CheapComb

Its in a TFSA (Canadian tax free account). What you see is what I take home. 

crazybitcoinlunatic

Wow another Canadian regard daytrading on a TFSA account.

TSLA4LIFE1

Hope thats not in a TFSA lmao

Zorkonio

It's still funny because you'll pay the tax on it this way if u don't buy house . Gambling should always be done in TFSA for times like this

RoaringPity

you lose the room if you do it in a TFSA and get rekt tho

Fractoos

TSX was laughably undervalued last year. You should hold TSX holdings in your TFSA for investments that pay dividends anyway.

Zorkonio

You know you can make trades in a maxed TFSA right

BullyMog

Is it a hard concept to grasp that he likely has his TFSA maxed and invested, as well as his FHSA?

Zorkonio

Lol I'd do my moonshot gambling on the TFSA but hey you can pay as much tax as you want don't worry about it

Zorkonio

Ya that's funny because you could have it in TFSA

lsdc86

Hopefully this will make me a TFSA millionaire.

DuketheLabradane

Hi folks, A long lost family member is giving an inheritance to me and my 3 sisters: $50,000 each (this is legit). I am 32 years old, married, no kids and not having any. I’ve been reading this sub and learning lots and would like to obtain your advice on my plan. I currently make approximately 130k a year, $1500 bi-weekly total expenses + $750 bi-weekly loan payment at a low interest rate (sub 4). No short or long term savings. My job is steady and the risk of losing it is very minimal at this point. I anticipate having to replace the roof on my house in 2-3 years (15k), though there is a high probability (80%+) that I will be moving before then and would be open to using a line of credit if I need to gap between a market crash. This is what I had in mind, all in a TFSA except the HISA: 3k: HISA 15k: savings etf (Total 18k secure for 6 months living expenses and in case I need to use some for roof repairs or other) 10k: bitcoin ETF 12k: conservative ETF 5k: blue chip stocks 5k: higher risk stocks I also plan on investing an additional $250 bi-weekly in the conservative ETF and rebalance every 6 months with the intention to increase exposure to higher risk stocks. I don’t plan on prepaying the loan. Am I on the right track? Is it too much risk? Is it too conservative? Is a bitcoin ETF within a TFSA preferable to buying Bitcoin directly outside of a TFSA? Any recommended ETFs for any of my needs or alternative suggestions? Thanks a lot for any advice or guidance you can provide. Jen

egirl226

CASH.TO is essentially a money-market–style ETF in Canada. It holds high-interest deposit accounts at major Canadian banks, pays monthly interest, and keeps the unit price around $50. It’s commonly used to park cash short-term (like a HYSA), especially inside a TFSA, since returns come from distributions rather than price growth. Risk is low (bank deposits, not equities), liquidity is high, and yield generally tracks BoC rates.

harpswtf

Max out your TFSA and invest it into broad market index ETFs. If you change your mind you can always sell the investments and keep your tax-free gains and pull the money out to be spent. But realistically you'll be better off if you just invest every penny you can in tax-advantaged accounts as long as you have no expenses.

BiggieMoe01

CELI is french for TFSA!

BullyMog

That better be in your TFSA regard

picklecheese2180

i’m 19 and opened a TFSA with my banking branch with an unrealized gain of 0.38% ($1649 invested) Somebody apart of the bank manages my portfolio for me. I’m not too knowledgeable in investing and I am aware that it takes time to see growth, however I was wondering if anyone has any insight or advice on if I’d be better off investing myself through for example wealthsimple. It’s only been a couple of months since I opened my TFSA, is this a decent amount of growth to see or would I do better investing myself. A different question, would now be a good time to invest another 2-3k into my TFSA as a bulk contribution in addition to adding $100 every 2 weeks, or should I just keep doing my smaller bi weekly investments? Any help appreciated thank you!

Sebdall

As a matter of fact it is completely illegal and against TFSA laws to day trade in it. Yall need to do some research 🥲. Bro is gonna get a hit with a massive tax bill by the cra

Scary-Elephant2831

I need to hold, it’s in my TFSA

DopeBook

You can trade in a TFSA in Canada and withdraw from it tax free.

Nervous_Estate1253

Sorry to hear your situation. I trade my TFSA with mostly ETF's to avoid this shit from Fucking CRA. I use my RRSP and / or margin account for options, as I just don't want to lose that tax free gains after 10-15 years of investing. As you know these fuckers are soon be taxing equity on our houses which we are paying / paid for after paying taxes to those mother fuckers for all these years, mortgage interest, property taxes just to name few. God forbid if we are ahead in our home  equity game these fuckers are eyeing on it, if and when we sell our house. There is nothing for regular Joe here in Canada. I live in Edmonton,AB in a nice neighborhood. Our property taxes went up 6% this year and we never had once , not even once snow plowed this year so far. Even though we have about 5-6 times of snow fall this year compared to other years. I hate fucking CRA and our dear government religiously. Fucking currption every where. 

mferly

Come get me. I'll be waiting in my TFSA.

TravellingBeard

# Question for Canadians: TFSA and RRSP balancing of mix of options and stocks? Slowly beginning my journey into options. However, the bulk of my savings are in RRSP, which has a favorable tax treatment with US stocks and options. I know in the US, people move between tax deferred and tax free (taking the penalty). Because of the tax favorability with the U.S. on RRSPs, best to keep all US investments there, and save my TFSA to add more towards my Canadian holdings? I know in the US some folks can migrate from tax deferred to tax free, while taking the tax hit, but with TFSA's having a US withholding tax, I would also be paying double tax it seems?

Scribble_Box

Is it a TFSA? If so, I don't think the CRA likes day trading very much in those accounts lol.

stupidber

If you've never blown your OSAP gambling in your TFSA you aren't really 🇨🇦

hannyayoukai

If you realize losses in a TFSA that contribution room is gone forever

hannyayoukai

FHSA only lasts 15 years from when you open it, and you also have to pay back whatever you spend. I would stick to TFSA like you originally said, pick an etf relative to your risk tolerance, and focus on maxing out your TFSA as soon as you can. Then, the following year you can contribute $583.33 to your TFSA to maximize contribution room each year and invest in your non-registered taxable account, and set that up for your retirement.

useful_tool30

I'm glad to hear that. Still though. According to their guidelines, that can still be considered active trading if you started generating outsized returns and they felt like fuckin with you. That's a bridge to cross at a later time. Tbh the real issue with screwing around in your TFSA is the long term ramifications down the line. No idea what your FP is or age but it's an extremely powerful tool for your retirement years and heavily damaging it now could really dampen ones retirement goals. I understand this is WSB and loss porn like this is almost a sick rite of passage to some but, you're better off using a margin account as a proving ground for any sort of trading system. Losses like that over 20 trading days is defcon 1 level shit and highlights a systematic issue if this isn't just yoloing ( which is even crazier with your tfsa!) Just food for thought from an ex FP turned trader.

mykeedee

FHSA has stronger tax deductibility than TFSA, unless you're so broke you might need the money as an emergency fund I'd fill FHSA first.

Gorgenapper

Bruh losing in your TFSA? aka. the supercharged Canadian Roth IRA? What are your holdings?

Duff57

Yep. Convo started regarding daytrading in TFSA/FHSA, so if you decide to go the corp. route then you wouldn’t have access to a the tax-free profits TFSA/FHSA has, or the tax deduction from FHSA.

crimeo

RRSP is better if you have high income, TFSA is better if you have low income

AlarmingAdvertising5

I'm not making much revenue because I'm studying mostly so I've opened it in 2025 but I'll wait until I'm working after my master's done to start actually contributing to it (putting into my TFSA first with what I have)

Prometheus013

I blew up 130% of my TFSA in 2020. I over injected and did energy calls then they shut down the world and oil went negative.... I almost took myself out. Tough lessons to learn. 13k to CRA in penalties.

dreamgreener

You will get taxed if you make a profit in a standard account I only trade in my TFSA and RRSp so they don’t really care as it’s tax free

Northern_89

Everyone saying don’t gamble your TFSA are pu**ies. Just make back what you lose.

PtboFungineer

Tbf that FHSA is still above the lifetime contribution limit so it's not like you're doing badly here. That TFSA though, oof...

yodaspicehandler

No, what I said is correct. You will be taxed at a higher rate for any TFSA withdrawals if you are considered to be day trading in your TFSA: https://wealthawesome.com/tfsa-day-trading-taxes-and-penalties The CRA has explicitly said day trading isn't allowed in TFSAs regardless if the money stays in the account or is withdrawn. Though they are vague at what they consider day trading.

yodaspicehandler

No. You cannot for the same reason you can't in a TFSA: the gov missing a chance to tax your profits. But you can day trade your heart away in an RRSP as you'll be taxed on anything you take out.

AlarmingAdvertising5

Can you daytrade in a FHSA? I don't have one yet because I'm 22 and in uni so there's no real point yet, but I'm wondering if it's the same restrictions as the TFSA

BroChochOooo

Sorry I don’t know all the terms. It’s not a margin account it’s a standard account just not a TFSA

BroChochOooo

Question for any fellow Canadians here. In my margin account I play with stocks but don’t want to get smoked when it comes tax time, I put money aside on the money I have made but am wondering what I can get away with, I have a full time job making ok money But did well on some weed stocks. I will take a large sum of money and jump into a stock and halt out as I have been crushed in the past. I have a TFSA where I lost a crap load sitting and marrying certain stocks Any advice would be great

EntropyAccount

Just curious what % of your investments/savings are in weedstonks? I like to tabulate everything quarterly (not including defined pension). Looks like I have 1.23% in RRSP and 3.83% in TFSA accounts. It used to be sooo much more like 4 years ago but thats how i fucked my accounts up. Thank god for Google and Trumps's DOJ really, that helped restore my shit. Anyways, I got some GTI and some CGC call options for Jan 2028, plus like 100 MSOS for a trade. If this gap closes, I'll probably add MSOS as a trade but also maybe long dated CRON calls. I've liked Kovler from the start ( bought these back in like 2019 or whatever before covid and before MSOS) but not sure if the MSOs and state-by-state thing will work long-term for S3 and FDA. I could be wrong, but I'm holding the best MSO operator so I dont need them all. I also feel like a strong alcohol/tabacco/pharma company will know how to navigate this well so hence CGC/CRON calls. What's your strategy and how much % are you betting on this sector?

ProbablyUrNeighbour

$75k in my TFSA. It’s ok though, we can rebuild.

throwawaywhiteguy333

Doing this in a TFSA - you belong here

FreshExtent8720

way to day trade in your TFSA have fun with CRA

Got_Engineers

I agree this is actually the underrated hack. Trading as much as you can in your RRSP is the hack. The CRA knows they can get their money from that but your TFSA is the gray box. I tried to follow about 13 trades a month in my TFSA

klonkai

he's doing this in his TFSA lmao

Useful-Regular9992

I would classify the $50k in shoes and cards as **Business Inventory**, not Investments. Inventory is illiquid and requires work to realize the value. Investments (like stocks in your TFSA) are passive. Don't conflate the two when calculating your liquid net worth. If the market crashes, you can sell stocks instantly. Selling $50k of sneakers in a recession is a whole different ball game.

ViciousSemicircle

Canadian here, and exclusively investing in US stocks with the exception of Kraken (took a position a month ago). TFSA up 116.4% in one year. That’s not happening with Canadian stocks, as much as I hate to say it. Skate to where the puck is going.

DownSyndromSteven

Based on the percentages those options are in your TFSA?

Chops888

Right now, about 3% of portfolio which is probably still too much. Will deploy into TFSA and RRSP in the coming weeks.

henry-bacon

Just make sure your parents track capital gains and TFSA contribution room accordingly.

Most_Luck_2678

Look at this guy using TFSA like a casino

MaxDragonMan

Alright, time for the 1Y retrospective. For the last 1Y, I am: * \+54% in my TFSA * \+128% in my FHSA * \~+95% in the registered non-registered. Overall, excellent year. Played around with margin for the first time in the non-registered account. All that profit then gets to go into the TFSA/FHSA for 2026. Crossed $100,000 CAD this year as well, which I was concerned wouldn't happen due to, let's call it, a 'recent leadership chance in the United States.' I actually did well enough that I crossed the $150,000 CAD mark as well this year. It is safe to say I'm very pleased given my age and time horizon. To recap the trading year: don't panic sell, just hold. In no particular order, this year: * CTS.TO got bought out, making me \~60% profit. * I bought RKLB, BN, RDDT, MRNA, TOI, LMN, and added to CSU. Bought RKLB and MRNA in January, and sold the MRNA immediately. Sold the CSU, TOI, and LMN a few days ago at a loss on all three. I sold my AMZN for a modest (\~20%) profit to buy RDDT on earnings day in August. * My best performing stocks of this year were (that I can mention without breaking Rule 7, but I name on the r/CanadianInvestor subbreddit) were RDDT (+53%), GOOGL (+65%), Rule7 (+131%), and RKLB (+181%). * NVDA crossed 560% all time profit for me as well, and I sold 1/4th of my NVDA shares to buy \~1/3rd of my car back in July. Honestly if I had gotten a better job this year it might've straight up been the best year of my life. Let's hope 2026 is good.

appleman73

That's interesting, I actually didn't know you could withdraw it at all unless it was used on a home. The TFSA is tax free, forever. One of, if not the only, source of tax free income you'll have throughout your whole life. If you're responsible with it, pursue growth, max your contribution room yearly, and start at a reasonably early age, you can easily have over a million dollars in there by the time you retire. You could then draw it down and anything coming out would be *completely tax free income* for you to use. FHSAs have the similar tax free growth, but it must be used on a home. The benefit over TFSAs is they are tax deductible, but from my understanding you can carry the tax deduction forward into future years when you have higher income. So growth wise, they'll act the same, but the FHSA has conditions on what you can use it for, where the TFSA does not. In my opinion it makes sense to max the TFSA first but still open an FHSA (if planning a home purchase in the next 15 years), then should you choose to buy a house before you end up maxing the FHSA you can withdraw from your TFSA, deposit it into the FHSA for the tax deduction, and then use it on a house. The growth in investments is tax free either way but gives you greater flexibility on how you use it if it's in your TFSA - you have the option to withdraw it and use it anyways, or you can withdraw just 40k to maximize the tax deduction and keep the rest to compound tax free. For example if you had 40k to deposit in either account that grew to 60k before you bought a house, you could do two things: 1. Deposit it all in FHSA. When you go to buy a house you now have 60K to spend on a down payment. That's great! And a 40k tax deduction for the initial deposit. 2. Deposit it all into TFSA. When you go to buy a house you can withdraw 40k of it and deposit it into the FHSA to get the tax deduction. Now, you have the *option* to choose to use the remaining 20k on the down payment. If you do, it ends up as the same as option 1. That's fine. But, here you also have the option to keep the 20k in your TFSA and have that compound. It's up to you. Option 2 also reduces the risk of you not using the FHSA and it rolling into your RRSP, which is tax deferred, not tax free, meaning it's not anywhere near as good. Essentially, by using the TSFA instead you give yourself more flexibility without costing yourself anything. This is just my opinion, I am not a financial advisor. Just a Canadian very interested in wealth management and personal finance, but I am not a professional.

Born_Resist

Interesting, what are the benefits of a TFSA over a FHSA? The money is already in the FHSA since and the withdrawal fee is 150 CAD. Would the benefits of a TFSA be worth taking the $150 hit?

appleman73

If given the choice I would be putting it into a TFSA instead of FHSA unless you need the tax write off immediately. If holding for the long term VFV is a version of VOO (S&P500) priced in CAD traded on the Toronto stock exchange. If shorter term look at bond funds or money market funds.

PossibleHero

My issue with whole life insurance is that it prioritizes profit over your savings. These companies actively seek to maximize their own returns, manipulate fine print, and exploit any loopholes they can find. You can obtain significantly cheaper life insurance as a standalone product. This allows you to save/invest in far better places and over the course of your life will be far cheaper. For example, if you live in Canada, consider using a TFSA. Alternatively, in the US, a High-Yield Savings Account (HYSA) offers a place to grow your money with full control. At the end of the day it’s about who has your best interest in mind and flexibility. Time horizons and plans change all the time.

RedrexXx

Whateve my TFSA (Canada) allow me to use for the year. Usually around $500-$600CAD a month go into investing.

Flashy_Reception1385

Main thing at 18: treat process > stock picks. Analyst ratings (on moomoo, Yahoo, Morningstar) are fine as a filter, but don’t copy them blindly; track a few ratings in a spreadsheet and see who’s accurate over 1–3 years. Build a simple core first (broad index funds in your TFSA/RRSP), then use a tiny sandbox for “learning” stocks. For deeper fundamentals and API-style data pulls, I’ve mixed Koyfin, Alpha Vantage, and DreamFactory to run my own screens and backtests.

didkhdi

.... The max I could've contributed to my TFSA was 44k and I only had 10k at first. Your math ain't mathing

Neither_Cut2973

Wait for a crash (20% minimum) then use margin responsibly. When stocks crash, expected future returns (discount rates) increase significantly. Have an exit plan and don’t wait for it to “recover” before you decide to pay your margin back. This is the only time I’d ever use margin EXCEPT if I weren’t liquid for some reason and needed a loan for 2-3 days while waiting for money to land in my bank or if I needed to avoid capital gains taxes (which you don’t have to worry about since this is likely in your TFSA/equivalent)

didkhdi

Because I'm Canadian and we get multiple free trading accounts like TFSA RRSP fhsa so I copy my trades 4 times in every account with this being the leftover

My_last_cigaratte

How much room you had in TFSA? Dropping $1.4M in TFSA is next level degeneracy

Wolfreak76

But I haven't maxed out my TFSA and RRSP yet! Can it at least wait until I get tired of waiting and get a bad case of fomo?

limebite

It’s a grey area tbh. In my line of work we advise not to day trade but short term is fine. Like you can trade options on a monthly term, possibly weekly term too, and the CRA wont care. The risk sky rockets when your income from the TFSA exceeds your labor income. That’s when they really get annoyed and take you to court. As long as you’re not making a pattern of high frequency trading month after month it’s not gonna be a problem and if the CRA gets mad about it they’ll send a letter asking you to stop first.

EkoChamberKryptonite

Still TFSA is for investing and not short-term trading. Doing the latter puts you at risk of the CRA bringing down the hammer and believe me, you do not want them to do that.

limebite

If WSB lurkers knew what a TFSA was they would start foaming at the mouth for the degeneracy it allows. And don’t mention it dude! I always get worried about the exchange stuff for clients too so it’s a huge relief to know it doesn’t matter.

iTouchStuff

This is actually all in my TFSA. I journaled my CNQ shares to [CNQ.TO](http://CNQ.TO) to avoid the taxes on dividends but I did not know that it did not matter as long as it is a CDN company. Thanks for that.

kicksxbox

I hold some CWEB in my TFSA (avg is .255) so no.

equitymans

Seeing this makes me so glad to be Canadian 😂 bless the TFSA

plantsarehealthy

Dear CRA, tax this TFSA

iamsparks777

Your young age is working for you. I don’t know how long it took you to save $75k, but at 36, I commend you. Pretend it didn’t happen and move on. You have 2 options. Be sad and depressed about it, or radically accept the fact that money is gone and move forward. The below should cheer you up. Since I don’t know how long it took you to save $75k at age 36, I’m going to estimate you started saving shortly after college or university at let’s say age 25. So 11 years to save $75k puts you at $568 a month in savings. Let’s assume an average of 6% return on average over the next 29 years. If you said you wanted to retire at 65, and were able to continue contributing just $500 a month for 29 more years, you’d be sitting at about $655k in savings at retirement. If you contributed the full $568 a month that I estimated and let’s round up to $570 per month….you’re looking at $718k in savings. Again I made a huge assumption of your monthly saving ability, but if you told us you were between 55-65 with this problem ….then I think you might need to head to Vegas LOL. That and you’d have a bigger problem with only $37k in savings. Also make sure you are leveraging a 401k or IRA if you are in US. And if in Canada, an RRSP and/TFSA. Depends on your current income level. High income earners should defer as much income tax now and pay lower income tax when they retire and have a lower income. Lower/mid income earners should allow their growth to be tax free later on. It’s bit fucky how to calculate whether to defer tax now or later and what type of account saving strategy should be used. Best of luck. And give yourself a pat on the back for saving $75k and a kick in the ass for losing some of it. After that, get on saving more and keep on trucking.

SapphireFlashFire

Depends on the stock! The thing about dividends is you get the dividend instead of the price rising, and if the stock suffers the price could dip and the dividend you're paid could come out of the value of your shares. A TFSA is a powerful vehicle for monthly income and dividends received in them go a very, very long way. For *growth* you might want to focus on a smaller dividend income, and 10-11% is a dividend that is pretty hard to sustain. When you're not accumulating they are incredibly useful though. My TFSA is focused on accumulation and I'm holding at apx 4% return.

coreyneil

What about Canadian in a TFSA? I’m regarded so I thought I was safe…

stupidber

Thats a TFSA boy, taxes aren't real

Prometheus013

Mostly RRSP. Canada will tax you if you make too much in TFSA, as they consider it employment to active trade, but if you lose it all no write offs. Assholes. I over contributed in 2020 and was penalized 12k plus over the next 4 years.

Username_McUserface

Good advice. No need to mess around with an RRSP at 18 unless somehow you’re already in a high tax bracket (or obviously if you have employer matching - in which case match 100% of whatever they’re offering). Focus on TFSA. It’ll be boring at first, but if you’re consistent it will be pretty sweet seeing 6 figures in there before you’re 30.

ASQ_Logic

I wish I had focused more on consistency instead of trying to find the “perfect” investment. Starting early and investing regularly matters far more than picking winners. I also learned the hard way to avoid emotional decisions, especially during market drops. Understanding TFSA and RRSP rules early would have saved me a lot in taxes. My first strategy came from keeping things simple and adjusting slowly as I learned more.

retrorecall

aim to max out that TFSA, FHSA, RRSP. don't play with options. Slow and steady. Target growth stocks at your age but have a small amount of less risky stuff, scale the amounts as you age, won't go in to detail lots of online literature about balancing that. Don't buy cheap stuff that are moonshot turnarounds, there's a reason they cost that low and mostly never turn around. Get a few indexes and contribute regularly, consistency is key not timing, remember that. Some dividend stocks are nice too where the DRIP can take over, again you can scale in to this age you age for passive income. Don't trade options. slow and steady wins the race.

Frenchyyyy4166

In your TFSA like a true retard

Mug_of_coffee

Search the topic on r/personalfinancecanada, but consensus seems to be "yes, you'll be fine, unless you are mega profitable." I certainly traded a bunch in my TFSA, but was not mega profitable. Primarily working out of a margin account now, though.

Training_Exit_5849

CRA purposely made the rules vague so people can't skirt around the rules. There's a few things they consider: - what your overall gains are, if you are making 500k+ like OP is, for sure he is going to show up on their radar. They put out a list of accounts over a certain amount a few years back - is your profession finance related? - how often do you trade in and out of certain securities (again there's no set numbers so they don't say 10 trades a day and you do 9) it's up to their discretion - how long do you hold securities when you buy them - what is the income you make inside your TFSA relative to your other income, if you're a lawyer making 500k and you made 100k, they don't blink, but if you're a student with zero income making 25k, they are more likely to investigate #1 is the most crucial because even if you day trade like no TMR, if you end up making little to no money, the CRA doesn't give a fuck. The second you make a decent amount they'll try and see if they can grab a piece of the pie.

endo489

Not TFSA. Canadian account

dkhanna16

So you're saying that if i have an actual job and do a few trades here n there in TFSA. it will be fine?

PDXOSU

The T in TFSA is for tax. I’ll let you guess what the F means.

didkhdi

https://preview.redd.it/64agaochp09g1.jpeg?width=1116&format=pjpg&auto=webp&s=8a23449d9d083453b1e1cac2ce50a100318e983c All my accounts have the same positions, TFSA fhsa RRSP and non registered. For some reason mods delete my post if it has this picture

BullyMog

If its free money why aint it in your TFSA, coward?

dkhanna16

Are you able to trade options in TFSA ? If so whats the frequency? TIA

Affectionate-Sale523

The entire mentality of "options are free money" is retarded. When did you turn 18? 2 years ago? If you're actively trading in a TFSA, it will get taxed. 

didkhdi

No loss porn yet been doing it since I turned 18 in my fhsa TFSA rrsp and non registered for the extra. Leaps on tech with more demand then supply are free af. https://preview.redd.it/ev0wlj7lc09g1.jpeg?width=1116&format=pjpg&auto=webp&s=220aa82202e75e0e5345a17aa852bf6ac6c9fa5d

didkhdi

Already cashed out over 500k to buy a house. Still have 350k to play with including my TFSA and rrsp https://preview.redd.it/4acvvx80c09g1.jpeg?width=1116&format=pjpg&auto=webp&s=bb57fb05594473a50770964fa33b5323c0f9cd35

didkhdi

So far up roughly 500k since I turned 18 between my accounts. Leaps on tech and bio have served me well. Sold off my micron Nvidia most of my amd recently for massive gains and now betting on iovance and still holding most of my spy positions. Same investments between all my accounts fhsa TFSA and non registered.

Wanderlust-Bow

Yeah, technically you’re right — TFSA is 18+ in Canada, so that part is a bit sus. Either it’s in a parent’s name or something isn’t adding up. Bigger point though: dumping 90% of your paycheck into crypto at 17 is wild. You need some cash buffer + real-world flexibility first. I’d slow it down, keep investing small, focus on skills/school, and keep money liquid. Even basic stuff like a simple banking/fintech setup with limits and instant controls (I use Blackcat for that) helps keep things sane while you figure life out. You’re early, not late — just don’t go all-in before you even hit 18.

inverted180

You have to be 18 to open a TFSA?

SchoolExpert6414

This is solid advice but don't sleep on starting an RESP for each kid too - the government matching is basically free money. You can throw like $200/month per kid and get that 20% boost, then dump the rest into your own TFSA/RRSP like the other person said