TFSA
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What is the best strategy to allocate and optimize a 100K investment?
32 y/o Canadian Investor , Need honest suggestion please.
Bought to close my 10 Nvidia calls and rolled to 2027, strike from $134 to $150
Shifting 10-15% of my DCA portfolio to Small Caps ex-US & EM (LatAm focus) any thoughts?
Decided I’d donate you guys some liquidity (TFSA yolo)
Looking for investing tips and account comparison insights - Canada
2450% Gain since 2022 - No Leverage, No options.
Full porting 100 SNDK shares and selling CCs
TFSA $5k allocation – 20% dividends, 80% growth. Looking for feedback on ratios, and picks. Tips/advice/critics appreciated.
19 y/o investor receiving ~$14k in inheritance to invest in tax-free accounts. How would you deploy it to try to outperform the S&P 500?
New(ish) to investing. Currently 100% all in XEQT. Looking to buy gold ETF’s (Canadian)
I went over my TFSA limit and have a question
I went over my TFSA limit and have a question
HAPPY NEW YEAR REGARDS!! 2026 UPDATE.
PEP pep pepdi PEP! (LEAPS + Calls + Put Credit Spreads all my accounts!)
Top Quality DD on ETH: High Conviction trade since my last DD on META (hand written not AI)
Top Quality DD on ETH: High Conviction trade since my last DD on META (hand written not AI)
SLV will either make me rich or a Wendy’s employee for life… FULL PORT TFSA!
Portfolio Check – Lost $200K in 2021-22, rebuilding now with $10K/month plan (Wealthsimple)
The best app or website for investing US stocks in Alberta, Canada?
Should I invest in USD Etfs or CAD Etfs as a 19 year old ?
Accidentally "timed the market" and avoided a $50k drawdown during a portfolio transfer. Now sitting on $600k cash. Do I Lump Sum back in or DCA?
I’ll have a large sum of money to starting investing with by January 2026. Should I dump everything into the market in January or DCA?
Never go full regarded in your safe space (TFSA)
Decided to challenge myself with a mostly debt margin account. First month looking good
Is my portfolio too aggressive for my Investment Horizon?
Can’t wait to absolutely blow up my TFSA and lose this all.
Does FIFO/LIFO mean anything to me if I'm trading in a TFSA (Tax Free Savings Account - Canada)?
Is AI the Future of the Stock Market and Investing? And is it Smart to Invest in AI now or in a Few Months?
I got bored and gambled on my TFSA. Please save me H1-B Visa
19M $14 000 already invested. 6.5k on hand
18, law school, $120k inheritance – am I on track?
27M – Just bought my first condo, starting from $0 again. How should I restart investing + budget for travel?
Lost $30k in my TFSA, and My Mental Health Is in a Downward Spiral. Am I Alone?
My $25 CAD weekly recurring buys in TFSA – need 1 more pick
Northern Ontario lithium and rare earths reduced to penny stock status by previous PM. Winds appear to be shifting under the new PM... Hear me out ;)
Northern Ontario lithium and rare earths reduced to penny stock status by previous PM. Winds appear to be shifting under the new PM... Hear me out ;)
How can I learn to properly research stocks?
How can I learn to properly research stocks?
How to keep investing when living abroad/travelling?
Is there a Canadian broker you can do the poor man covered calls option strategy in a TFSA or RRSP?
realistic or not to sell CC options on $1.7M to live off of?
I want to get into investing, where should I start?
New and (finally) have a savings, looking to invest to purchase a house!
Any Penny stocks for holding long?
Sell positions for a larger down payment or convert them into dividend paying for mortgage?
First Time Options Trading, About $850 Into $1560
How to Properly Decode a Junior Mining Press Release
I'm receiving 140k when I am 25 from my grandpa. What's the best way to invest it for retirement? (I am Canadian)
Canadians: have you ever gotten flagged trading options in your TFSA?
What are your favorite financial podcasts? These are mine.
Mentions
Unfortunately the CRA has broad discretion to declare you a “professional trader” and subject your TFSA to capital gains. I speak from experience lol
Buying Exchange Income Corp at 27$ during covid. It’s about $122 now and I think the yield was about 6% when I started. My late Uncle raved about it before that so I thought why not? It’s in everything I have from non reg to TFSA and RRSP.
Actually that was just my rrsp. My TFSA was down another 6300 and back only 1000
Just cleared all my debt (25k) at 19, stop me from buying long dated call options on MSTR with leverage in my TFSA.
Im honestly not sure. For the past 2+ years I've been obsessively checking my portfolio every day. I sold off my RKLB and feel a huge weight off my shoulders. I have since bought VEQT, some blue chip Canadian dividend stocks, and a position in MDA and CTM. I haven't checked my overall balance in a while. Im gonna see if I can go until the end of summer without checking. Its all in my TFSA so I don't have room to DCA anyways.
We'll see haha, I have about $1500 in dividend cash in my TFSA, might try it and see how it goes.. Ultimately I'd have no intention holding a live hand grenade long term lol.
Yeah this guy doesn’t know what he’s talking about. The only thing you’re not allowed to do in a TFSA is day trade
You are allowed to buy American stocks and stocks that pay a dividend in a TFSA. You are not allowed to day trade. If OP is holding this for a 1-2+ weeks they are fine
I have a few different portfolios, well more like 9. RRSP x 2, TFSA x 2, non registered x 2, spousal rrsp, kids resp, my wife's tfsa. Wife's tfsa, one of my tfsas, spousal rrsp, are all index only, no timing. Both my rrsp are 60% index, some bonds, rest individual. And both my non reg are only individual stocks. It's a little tricky to directly compare because it depends when the money went in, how much went in at one time. Some accounts are only 5 years old, others over 15. Plus ive taken money out of 2 accounts. And some index and some stock only gets money once or twice a year. And two of my index get buys every 2 weeks. My two best accounts are my oldest straight index and oldest non reg which only holds brk.b, which i bought cheap. My third is my non reg with buy and hold, ive never sold (because cap gains), and it's got some solid canadian banks. But my mixed stock/index has done worse than my straight index. And like you say, I would've just been better to hold the index. It's a couple things though, not just individual stock, but I find myself timing things a bit in those accounts, like adding more bonds, selling early, vs my index which I just hold. It's deceiving though. I really havent had many actual losses in my investing. I had two total loss stocks, but they were small amounts. And ive had only a handful ive lost money (because youre not forced to sell when down). And I dont know how many winners.And I'll be the first to say that ive had a ton of luck, Im no star investor or anything. And ive known from the start that indexing will almost always win, AND im not the 10% or whatever who will beat an index and had no illusions of it. I just enjoy it. But if I look over a decade or 15 years and there's a ton of profit, just tons of stuff and good amounts: $15k on xom, apple, $25k on Google, mu, $50k with brk, bns, ry, etc etc. (Of course plenty that didnt do much). You FEEL you're doing well, but you look back over a decade and I didnt beat the s&p. And part of that is i think it's deceptive with the wins, and the timing. You have a winner and hang on to it but it's flat for 2 years, meanwhile the index chugs along. Or you have a winner and sell but it keeps going up for years after. Ive slowly moved more to an index. Not because I ever thought id beat it and im admitting defeat so much. But I find my least stressful holdings are my wife's index. We buy 2x a year, and never look at it. I couldnt tell you how it's doing. It's not connected to my phone. I dont even think about it, and neither does she. And I think it's the true idea of passive indexing.
Love its in TFSA. Can't even claim loss lol
He said Canadian money so no such thing as a Roth IRA, we do have TFSA’s though (tax-free savings account) and you have a certain contribution limit per year and you pay 0 taxes on it.
In Canada there’s an account called TFSA that you don’t pay taxes on any realized gain. There are limits on how to use this account so I don’t know if this was his case, but if it was that was a master play.
He can't. It's a TFSA. losses are non deductible.
Look on the bright side, at least you’ll regain the TFSA contribution room you just blew up gambling in about a decade.
So in Canada, if he's trading in an unregistered account, he's getting taxed on capital gains. His ceiling for a TFSA would depend on when he was 18 and then his ceiling would go up every year, unless he was 18 before 2009 because that's when the TFSA became available. RRSP ceiling is based off your income for the past year. Which is either 18% or whatever the CRA determines to be the maximum for that year. The TFSA allows you to basically put in taxed money and take it out tax-free. RRSP lowers your taxable income so you end up with a tax return that you can invest again.
He could just park the gains in his TFSA, RRSP, and the rest in an unregistered account with an ETF that pays dividends.
Was this in a TFSA, or a regular trading account?
TFSA accounts are tax free savings account, meaning any gains in them are tax free. With the little exception that it can't be used for short term things, like trading. It can't be also things like dividend gains, and I think it can be American stocks, although I have heard conflicting information about that last one. In other words, there is a lot of exceptions and rules, and if you break them then you will be surprised by having to pay full taxes on it, plus any interest as if you did owe the CRA money. Let's just say that buying short term calls on a stock that just IPO and posting about it on Wall Street bets raises *a lot* of flags for the CRA concerning a TFSA account. Hopefully for OP they miss it. But they won't if he makes bank.
My man really put 100k CAD in TFSA on space calls and now flexing completed status like it's achievement unlocked
Tax free gains cause it's his TFSA too lmao
Calls of an American company on IPO in a TFSA account? Bold move. Let's hope the CRA doesn't pay too much attention...
You’re dumb lol. First, these were probably 6 months out, long term options. Second, you’re allowed to buy and sell options In a TFSA as long as you aren’t day trading.
Also, youre playing short term options in TFSA. You will also gonna get audited by CRA and they will apply an income tax lol. Double fucked
please tell me this is in your TFSA
Hello all, I'm an investment noob. Kind of an idiot, really. After getting into an union job, Im FINALLY getting my life together and saving money for the long run. I recently got into Financial Audit and some of the bullying (for a lack of a better term) Caleb Hammer does to people got to me and motivated me into building an emergency and additional payments into my RRSP retirement savings account. First all, I am Canadian. I've opened up a TFSA and Im currently using low risk bond/dividend portfolios managed by Vanguard on WealthSimple. I was talking to a friend and she's been investing into the VFV. Basically, what Im finally getting to asking, is do you lump all your money into a singular ETF (ie VFV) or do you diversify your ETF investments into multiple different ETFs in different sectors? Also, if you do diversify, do you do it equally across them all, or do you favour a consistent lower yield but less risky ETF?
CRA is gonna come after you bro. >Although a Tax-Free Savings Account generally allows investment income to grow tax free, the Canada Revenue Agency has historically maintained that certain trading activity within a TFSA may be recharacterized as carrying on a business, which could result in income being taxed under the Income Tax Act. This risk has been highlighted in CRA guidance and administrative interpretations, particularly when trading patterns resemble commercial activity rather than passive investing. >CRA has previously outlined factors that may indicate a business-like trading activity, including: >High frequency trades or short holding periods for securities >Significant time spent monitoring, researching, or executing trades >Sophisticated strategies and specialized knowledge, including heavy options use >Focus on short-term gains rather than long-term investment objectives >Consistency and systemization, such as routine or repeated patterns of buying and selling https://www.questrade.com/learning/tfsa-options-trading
Doing it on the TFSA is crazy work. But hey, monopoly monies like they said. 😂
Ooof TFSA That Fucking Sucks Ass
If you use all your contribution room, let say you put 109k in your TFSA (109k is the max), and proceed to lose everything. You will never have that contribution room back.
This is through a TFSA so you normally wouldn’t declare it and be taxed, but if the CRA comes along later and reclassify it then you get hit penalties and interest for not declaring it!
Wait wtf you can short an TFSA account?!?!?! I was not aware of this!!! Congrats!
Clearly you don't understand the TFSA.
If anything he’s gonna make his TFSA max contribution insanely big. A dude in the US did this with the original roth IRA account and made his contribution limit go from a few thousand to over 5 million dollars and after they patched it. TFSA hasn’t been patched lol
Wait... so you are trading USD equities and options under your CAD TFSA ? You didn't even bother opening a USD TFSA so your trades can be washed ? 5 Star Regard General right here.
Max out your TFSA and put it into something like VFV or XEQT. Sit back and watch your money double every 7-10 years.
In a TFSA, lol good luck explaining that one to the CRA
In TFSA on top of that, it’s the cherry on the cake
It’s actually 100% of the profits you make goes to the taxes, if found abusing the TFSA. But how would this be in abuse of the tfsa tho?
Is TFSA like some Temu Canadian Tesla?
If the CRA sees and unemployed retard tripling their cash in one trade, you can bet your ass they will audit. I was audited for far less. If there's even a chance for CRA to be able to tax some of that money, they will. TFSA was intended for long term investing. Buying 2 weeks to expiry calls isn't an investment. It's a speculative trade. He will 100% be taxed as a trader.
Interest and gains in a TFSA dont count towards contribution room in canada you regard the same as losses dont magically give you more room
They don’t take it away, they just charge tax on it. They might not even do that, it’s mostly for people day trading in a TFSA
Lol These threads are the best 👌 Some of the memes and replies are hilarious haha A call for June 18th? In a Canadian TFSA? On SPCE today after it dumped? Hahaha 😆 😂 I cant tell if its a farce post just for comedy or a real trade. Priceless.
Buying the dip on a 40% dilution crash with a 2-week expiration is wild. If SPCE finds a bottom here and IV keeps pumping, this is an absolute masterclass. If it doesn't, that’s a lifetime of TFSA contribution room gone in 14 days. True peak degeneracy. Godspeed.
My TFSA is 500k from leaps, the issue here is the short holding period and if OP has been doing this before then it most certainly will raise a red flag.
don’t u have to pay the exchange rate fee on WS 💀 SPCE is TFSA is… something
How do u trade options in ur TFSA???? Is this fake?
The best part is if your right, your TFSA gets flagged for day trading, the status gets revoked and all of a sudden your paying back taxes on everything you’ve ever made with it
In his TFSA no less. The absolutely fucking balls
You also should not put risky volatile stocks in a TFSA. Should you end up selling at a loss ever you cannot use that capital loss as a deduction against any capital gains.
Using TFSA on calls. Using TFSA on calls on memes. Well no one can say you’re not in the right sub.
In a TFSA is fucking stupid lol
Not only that but he’s doing it in his TFSA absolute degen
HAHAHA in a TFSA bro. Hahaha.
He didn't sell calls, he bought calls. Perfectly fine in a TFSA. It's the bet of a lifetime.
If he loses, it's gone forever. If he wins, the CRA takes it away for abuse of TFSA and it's gone forever.
That's even in TFSA!! Bro got balls of steel. Nice one OP 👏
Don't know why I thought he sold it for that much and profited but Holy shit, he's longing calls $100k CAD in TFSA. That is some regarded shit.
I thought you weren't supposed to do options on TFSA?
No tax loss in a TFSA, it's just gone
Omg in you TFSA too. Someone give this guy a medal please
Sir, you just captured yourself in 4k trading options in TFSA, CRA is going after your ass bud
I have 6 small contracts in the TFSA as well, see you on the moon
moreover, annual TFSA room is a one-time contribution allowance not a permanent cap or something so homie is not just risking 105k but 105k of tax-free capital gains FOR LIFE he loses that and for rest of his life he’s paying capital gains tax on additional 105k that he didn’t have to be
Bro not in the TFSA too…. 😭
In your TFSA too of all places. Good luck.
You’re doing this out of you’re TFSA? Ya crazy work lol
I didn't even realize they let you trade options in a TFSA. The idea is so regarded it never even crossed my mind.
In fact, whatever you withdraw from your TFSA is added back to your contribution room the following year. I wouldn't expect WSB to know this, since understanding it generally requires experiencing gains first.
Once the CRA gets done with you day trading in your TFSA that's going to buy you a Honda Civic at best.
You absolutely can buy options in your TFSA & RRSP trading accounts. You can’t use margin. That’s all.
TFSA means permanent tax free room lost
Lmao on the TFSA on top of that, won’t even be able to uses the loss for taxes haha https://preview.redd.it/4rojuht6hx4h1.jpeg?width=1179&format=pjpg&auto=webp&s=380c65a31ab5685c484c63f60bb2ced6b2b6c0f3
Day trading in your TFSA like a true regard. The CRA is going to come for your gains.
Why wouldn't this be allowed? I thought they just restricted day trading and margin use in TFSA but I haven't looked in a while.
In a TFSA?!? Op is truly regarded. You lose that room and you’re cooked
You cannot buy options in your Tax Free Savings Account (TFSA) in Canada. It is meant for investing, and the CRA flag activity like options as trading (which can be taxed). They also consider the type of securities bought and sold, so making a bunch of money on a meme stock could be taxable
He does, it's in his TFSA. OP basically lighting his entire cont room on fire lol. God speed regard.
No dude this is very obviously a TFSA. It literally says so directly in the image
Selling within TFSA does not change your contribution room.
I 4x'd my TFSA since November and I'm paranoid about getting an audit. It's all been with LEAPS with an average holding period of at least a month so I think I should be okay
I think the point is that this is in a TFSA account so obviously they do have one?
You're stupid if you don't max out your TFSA as much as you can.
You are Canadian and don't have a TFSA? Get one now!
If you're only using your TFSA as a savings account then you belong in this sub
The caveat is you're not allowed to make trades like this in your TFSA otherwise the Canada Revenue Agency will hit you with taxes on them.
Keep day trading in your TFSA and see what happens lmao
Dude you don’t know what you’re talking about. You can have your TFSA set up as a direct investing/trading account, not just a simple savings account where you just leave cash sitting there.
We have the beautiful TFSA in Canada
It's with wealthsimple in Canada. It's 4% (prime + 0 because of the amount I have in my TFSA and RRSP) USD stuff is 7 percent though. Just to try it out I bought 1k in VFV (canadian VOO) but I'll buy 1k in AVGO and see how it goes. But I'm assuming this is how some people got some pretty massive gains by maxing their margin in some semi stuff? I've been buying AMD since 2017 but I was poor until 2021. wish i had some balls.
They don't have a home, or the FHSA would be used up. I don't think it's fishy tbh. They yolo'd a play, didn't use a TFSA for some reason and the margin account doesn't want to sell because of capital gains. They've 12x their money, which is inline with how much the FHSA would have. OP is greedy, wants a house mostly paid, enough for tax and essentially to retire on a single play. We'll see how that works out for them.