TFSA

Solid_Jackfruit_2932

68% of the TFSA too holy shit what an absolute regard.

drank_obswerver

You can't day trade in a TFSA though. They will treat it like a taxable account if you do, although they are deliberately vague with their wording as to how they determine that. My guess is if you're losing money, they don't care, but if you rake in millions, they will tax you.

Wolfreak76

Haven't been paying attention this week. Is this a good day to top up my RRSP and TFSA?

Ok_Organization_405

He bought call options for GLD, and sold them at a higher price and made money. Its in his post. If youre asking about the TFSA part. Thats a tax free savings account in Canada, no capital gains tax on earnings(as long as you follow the rules).

Grouchy_Value7852

Inna TFSA!! Elbows up baller

BullyMog

Love a TFSA gamble, good luck fellow WS tard.

ChefLife99

As opposed to my TFSA? I hold stocks in there but I’m new to options and dont necessarily fully understand the risks. I suppose off the top of my head there aren’t too many though.

ThTruthIsOutThere

There is no tax bud. Why do you assume everyone pays tax? TFSA in Canada no tax.

RoaringPity

Show the TFSA I wanna laugh at yoj

stupidber

At least is not TFSA

King_of_yuen_ennu

The guy already blew up his TFSA

Stonkynewb

Dw my TFSA has already been ran through 😂 ran outta contribution room to gamble

MilkyWayObserver

At least u weren’t degen enough to get this inside a TFSA like other regards I’ve seen here

Merranza

Curious about what you sold... Did you sell non taxable assets (TFSA or other)? Did you consider the fiscal impact of your selling into account?

OldValue1044

Gambling in TFSA ? damn

LmaoJames

Thought of this too but I'm in Canada and have it in my TFSA - no margin trading allowed in that account

Acceptable-Tax3886

Fair, day trade in TFSA here and there?

Zealousideal-One7435

How often do you trade options in your TFSA?

Acceptable-Tax3886

Say less, if u get audited, I am curious to see what they say. What’s ur average holding period for options in a TFSA or depends on the stock?

Acceptable-Tax3886

It’s actually whatever the CRA deems to be day trading, swing trades count too. If ur constantly buying an option 1 week and selling it the following week, I cant see how that wouldn’t get flagged. I’m sure you can get away with saying I’m manage my TFSA like my own etf, all depends on the frequency of trades tho

BullyMog

A lot of people don’t know that. He bought this yesterday and has held overnight, it’s no longer a day trade so totally fine in your TFSA. I’m assuming the CRA comment was a joke, but the only rules about TFSA is no day trading. You can buy calls Monday and sell Tuesday for a 100,000% $10,000,000 gain and CRA won’t come knocking

BullyMog

You can buy options in your TFSA

BullyMog

Love a degenerate WAB gamble in the TFSA

noobstockinvestor

Feels great. My mom is super happy too since I bought tilray in her TFSA at 0.56 CAD. She's up 404%

Ahseya7

It's not a taxable event within my account (in Canada it is called the TFSA and you can maneuver money in there like this without being taxed). My personal reasons for wondering this right now - my portfolio is 50% tech, 14% of it is NVDA. I bought at an amazing time and thinking of skimming some profits to re-invest in some dividend generators. When you have maxed out some of the tax advantage accounts you can actually grow your money in there to grow the portfolio without contributing more.

Ahseya7

thank you. its mostly based on the awareness that we may be in a bubble at different times. I could even sell some and rebuy more of the same at a lower price .... I take profits in a tax advantaged account Called the TFSA in Canada.

Fluffy-Reception9325

Don't trade in your TFSA, you'll get nailed for income tax. You can buy penny stocks in your tfsa, but you need to buy them with the intent to hold them for some durationg of time and not flip them the same day or week. Trimming profit is also allowed, and prudent, but make sure you're holding for at least some weeks or months. The CRA will not be clear on this, but if your intent is to make money and not invest long term they'll call you a business. I keep about 80-85% of my tfsa in VEQT and about 10-15% i play with on cheap/penny/speculative stocks that will hopefully grow in the coming years. I don't buy them with intent to jump on a rocket ride.

theroc12

Damn in the TFSA too. God speed brother

ChronicMasterBlazer

I lost 4k and it’s in my TFSA so I don’t think I can write it off on my taxes :(

AnchezSanchez

I bought at roughly the same time as OP, and have sold only 20% so far. And its all in my TFSA. Best winner I've ever had (in $ value, QBTS warrants is better % value)

BullyMog

TFSA and FHSA lmao love it.

portfoliorating

I OVERSHOT MYSELF AND CONVINCED MY NEWLY MET GF **IN AUGUST** THAT SHE SHOULD CONSIDER SELLING HER VOO IN HER TFSA (Roth IRA for my southern fren) AND BUYING TLT AND REAL ESTATE SHITCOS. She **did**. BUT THE ISSUE IS, VOO's UP 5% SINCE AND HER POSITION IS 18% DOWN. (we were happy 3 weeks ago until the rate cut) and now she wants to meet to discuss "things"....... HOW DO I GASLIGHT HER IN A RECOVERING SCENARIO or HOW SOON SHOULD I INSTALL TINDER AGAIN? Thank you for your attention to this matter

BACKWARDS_HIPPO

Hopefully most of this is in your TFSA!

robgizz

If you’re Canadian, open a TFSA and stick your money in there. That way, any gains are not added to your income and not taxed. Go with a discount broker like Questrade or Wealthsimple and place your money in a high interest savings account.

CplNextDoors

Yeah, they are looking at frequency of movements. The number is shown in your online CRA account for both TFSA and RRSP. Once they feel like you did a lot of movements your account goes to the audit queue even if you have $5 in it.

CplNextDoors

CRA looks at number of movements in your TFSA. Every time you put an order and even if you cancel it - thats one movement. Login to your CRA account. One you pass a certain threshold(they never say whats the number) your TFSA gets audited and if the agent thinks you are trading too much you get fully taxed and a couple of fines on the top. A colleague got blasted and had to pay a capital gain on every option trade and any trade he held for a less than 3 months in his TFSA.

shirosith

I urge everyone not to day trade, or trade frequently for quick gains in your TFSA. Use your non-registered instead. I shared a long reason in one of my responses.

shirosith

Buying and selling multiple stocks, or frequently trading the same stock for quick gains over a few days can raise red flags with the CRA during tax season. While the CRA hasn’t defined strict rules around frequent trading in a TFSA, excessive activity may lead them to classify your account as business-like trading. In OP’s case, their TFSA’s tax-free status could be revoked, and they’d be required to pay taxes on any gains. The TFSA is intended for long-term investing rather than short-term trading. You can still rebalance your portfolio periodically, but to stay on the safe side, it’s best to hold each position for at least a month before selling.

shirosith

I hope you’re not day trading in your TFSA!

apilotandacamera

How often can you trade from your TFSA without the CRA coming after you?

BullyMog

Hahaha that is insane, all in the TFSA too. Congrats man, I hope to be near you one day! $277k in one year I'd prob quit my job.

BullyMog

Hahaha that is insane, all in the TFSA too. Congrats man, I hope to be near you one day! $277k in one year I'd prob quit my job.

BullyMog

Hahaha that is insane, all in the TFSA too. Congrats man, I hope to be near you one day! $277k in one year I'd prob quit my job.

ReasonableStretch276

10k even half in my FHSA and half in my TFSA. Selling FHSA portion at .40c and the rest down the road. Between this, DVLT at .38 at 6k shares and 3000> RR at 3.18 AVG I’m ready to call into work for a week

Namitori

Congratulations on the consistent growth buddy! Happy for you:). If you have WS, you should have options available too. Since it's in TFSA and you want to commit to stock for long-term hold under swing trade strategy. Think about DCAing on GOOG call leaps(3 years out). This way, your position becomes leveraged and you are still sticking to your max risk strategy. Hope this helps

JimmyMcTrade

You wanted to 100x your TFSA contribution this year? lol

JDBS1988

TFSA in Canada and you potentially may not pay taxes.

TopTheory1170

He only put in $5600 (less than 1 years additional contribution room). From: somebody who’s lost too much gambling in a TFSA

CWB2208

Nothing. I'm happy for the dude's tax free gains. Just kinda wild to blow TFSA space on a company with a marketcap of 100M without knowing something...

calmInvesting

Enlighten me what's the prblem with PPP in TFSA here??

jashanjeet

No it’s all tax free, however I would recommend using TFSA for swing trading as it can get flagged by CRA. Otherwise it’s all good and all the gains are tax free

FECAL_BURNING

What if you’re holding in a TFSA so it’s tax free? Thats my strategy. My ETFs have no ROC and have grown 20% over the last year so far.

BullyMog

Rip your TFSA

randood-Ebb-2386

"Potential for CRA scrutiny Large gains, rapid growth, or frequent trading activity in your TFSA can attract CRA attention and audits. The agency is increasingly monitoring registered accounts to ensure compliance with tax rules and may challenge aggressive trading strategies."" If the CRA determines that your TFSA trading activity resembles a business—such as making many trades in a short period with the intention to generate quick profits—they may tax your gains as business income, which means you would lose the TFSA’s tax-free benefits." https://www.moomoo.com/ca/learn/detail-tfsa-options-trading-117926-250425065 https://invested.mdm.ca/its-all-tax-free-until-it-isnt-8-costly-mistakes-to-avoid-with-your-tfsa/ It is grey intentionally "aggressive trading strategy" is what you need to be worried about.

604wrongfullybanned

I think MUCH crazier than 100k tbh. The kids are doing crazy option plays. Up here in Canada, we have a retirement tax free account called the TFSA. You can only put in roughly 9k/year, and its only been around for 12 years or so (so max anyone could've put in was roughly 100k). Journalists did a freedom of information request to the federal government, and it was revealed that there are 3 Canadians who have traded their TFSA to over $40M, and several dozen over 10M.

randood-Ebb-2386

Don't use options in TFSA unless you want the government to tax you.

TSLA4LIFE1

How many trades? I heard it’s risky trading that much in TFSA?

Swat-Benelli-M700

What I mean is TFSA is for Canadians. Americans can't use TFSA

Icy-Lobster-203

Wait...Europeans don't have tax favored investing accounts to save for retirement? Like 401k, Roth's, RRSP and TFSA (Canada)? That might explain a lot actually...

Sure-Needleworker581

If you hold enough equity in your TFSA, it can be used towards your minimum for options trades. I have $0 in my Questrade margin account and have level 4 options trading enabled. So long as your holding after maintenance surpass that minimum, you should be good. Just enable the margin power feature.

AB__17

Be careful with TFSA account.

That_anonymous_guy18

STEM 55k in TFSA, 100k in RSU, 10k in ROTH

Acceptable-Month8430

You can't claim losses against your income taxes if the loss is in a TFSA.

CanadianSyndrome

Thanks for the info, and no offense taken, I'd like to learn from people who know what they're doing, even if it means getting berated every now and then. I use a TFSA though so I'm not too worried about tax. I've gotten the greeks down pretty well, but I'm certainly no master of trading.

Acceptable-Month8430

What was your investment thesis behind those contracts? If it was "line go up for this stock", your convictions are worthless. Stop gambling and buy index funds. If you're feeling spicy, allocate 5% of your portfolio to your gambling habits, and make sure that it's outside of your RRSP and TFSA so your contribution room doesn't eat the loss. And don't use Wealthsimple for US purchases, the exchange rates will eat you alive.

EarlyModernHuman

Re. why sell in the money, it would be the equivalent of selling a cash secured put, in a RSP or TFSA.

pmme_ursmalltits

There is no FIFO/LIFO, it’s based on ACB. But this is TFSA so no taxes at all.

BullyMog

Now go yolo your TFSA into weeklies

TheOneWithThePorn12

ive doubled my TFSA just off Google this year.

BullyMog

Lol at least it isn't in your TFSA.

FECAL_BURNING

Wait bb pls tell me you weren’t trading options in your TFSA

AnoAnoSaPwet

I've got 4 (all in the same department), had 5, but sold that one to build my current portfolio. Funnily enough, the one I sold was the first trade of its kind for me and it was the first one I ever took profit on (software development). I used to be very diverse (over a 100 different stocks).  Turns out doing your own research and understanding what you're investing in, actually pays off?  Just waiting on the regulatory landscape to even out over the next year before driving my *self-directed* TFSA (with a $100k+ tax-free limit) into ETFs/ETPs. 

maneil99

A reminder to all Canadians and Non US investors. US dividends are withheld at 15% outside of RSP (yes including TFSA and FHSA)

marinatelonger

You trade in TFSA??

JimmyMcTrade

Dude, where else are we gonna gamble up here in our melting igloos? Am I supposed to put my hard-earned money into a TFSA and hope for an incredible 8% a year? 8% of 3 blue berries is barely even another blue berry. So, yea. Calls on leveraged ETFs in my TFSA is the only way to get AC for my Igloo. (It's a rental because Canada is cool and you need to have kept 12 bitcoin from the Silk Road days so you can buy a condo large where the toilet tank doesn't have to double as a computer desk and the living room window doesn't show a brick wall at eye-level and a Canadian favela down on the street.)

DismalScreen6290

Gambling in your TFSA AND giving us your TFSA account number? Absolute regard

outoftownMD

I pretty much only trade in TFSA when I do. I’m up 100% this year. Not daytrading.

dilberry

It depends really on when and how much of the income you’ll be using. Non-reg tax events are recorded when you finalize a transaction. RRSP when you withdraw funds. You’re probably fine in your TFSA to be honest but I’d be careful with options so you don’t blow up your best vehicle to making and keeping money.

ItzDrSeuss

Gambling in the TFSA is double risky because the CRA could deem your options speculative trading and tax you anyways.

BreadSea7272

Bro said TFSA = Totally F\*\*\*ed Savings Account.

Synopog

Never go full regard with your TFSA (Roth IRA equivalent)

Acceptable-Tax3886

Isn’t a bad idea to post your TFSA account number or am I regarded ?

dilberry

You are risking everything buying options in your TFSA - if you take a bad bet you will lose that room forever. It’s also contrary to the TFSA to day trade in it. Chances are you’ll never even hear about it, but you could be one of those unlucky people that gets pulled into the courts by the CRA and ordered to pay taxes on your gains. IMO day trade in your non-registered account and get ready for taxes (I believe less than income for capital gains but could be wrong). If you don’t want to track taxable events, I would day trade in your RRSP instead. Just re-read your post and I guess I’m another guy. Keep doing your research - don’t bet it all on any one thing.. scale your bets no matter how tempting it is to get another $15k in a month. $100 a day is $3000 / month which is an insane amount of money sized up against your portfolio. My advice would be to take longer term bets and avoid short term options unless you want to do small lottos on earnings.

Eastern-Shopping-864

I am in the same boat because of LUNR this year. Lost 9k USD on it. Then panic sold 300 shares of RKLB that I bought at $30 when it dumped to the low 20s after liberation day. (This one stings since I would’ve been up big now). Since then I’ve finally learned to just STOP buying and selling and to only buy shit I plan on keeping. At one point my 48k of contributions was down to a 20k portfolio. I’ve grinded my way back up to a 32k portfolio in my TFSA since then. Still a long ways to go but definitely doesn’t hurt as bad right now.

TheGoluOfWallStreet

So you're saying OP should bet his whole TFSA to make the final comeback?

TopTheory1170

That’s assuming the regard maxed out his contribution room. Withdrawals increase the contribution room for the next year, the only regarded part is losses aren’t tax harvestable. If he 10x his puts and withdrew the money, his extra contribution room for next year would be $48k + $7k. In Canada in a regular account only half your capital gains are taxed and the losses can only be deducted against the losses. I too am regarded and gamble in my TFSA.

man_in_the_woods

Puts in your TFSA. You truly are regarded and belong here.

disloyal_royal

Same recommendation. Pick a target geographic allocation, then put the investments into the right accounts to minimize tax. If your target allocation is 2, the TFSA should be way overweighted Canada, because your RRSP would be way overweighted US, but on a portfolio level, you’d have the target mix

Separate-Analysis194

Not everyone uses a TFSA solely for retirement savings so the name is fine. One can use it to save for anything tax free. The fact that withdrawals are added to subsequent year’s contribution room makes it a good vehicle for saving for other things.

livesunderagiantrock

I use IBKR. And I also move around stocks in TFSA. what everyone said is correct. Thing is I did quite a bit when markets were low and I was losing money. I was probably doing 3-4 trades a day. CRA didn’t bother. They didn’t bother because I was losing money. Now with market going up, I still do a few trades a week and have been in the money. It’s been like this 6 months and I am up over 100%. I haven’t been contacted by CRA yet but that maybe because overall I am still under. I do stocks as well as options (mostly leaps but sometime monthlies and very rarely weeklies). Not to under anything as I may be reached by CRA tomorrow. But just wanted to let you know how it’s been.

alp1ne

Correct. TFSA is best used as a buy and hold longer term investment account. They kind of did it a disservice by not naming it TFRA. (Tax Free Retirement Account) As that's essentially what it is and what it's best for. Sure you can use it for other goals as well but now with the addition of the FHSA which is basically the love child of the TFSA and RRSP since it's the best of both and none of the downside. Tax deduction for contribution + Tax free growth and withdrawal if it's used for 1st home down payment. And if it's not used after 15 years it rolls into your RRSP and doesn't use any backroom up. Sure you see people who bought Nvidia or Tesla etc .. and made hundreds of thousands. But for every one of those people I would bet there is 5-10 who lost a significant portion of money. This is where the saying "Instead of looking for the needle in the haystack, just buy the whole haystack" comes from. You may find the next Nvidia or Amazon but you probably won't. If you buy an index ETF you for sure will just at a lower exposure. What helped me get over this was every time I thought I had a hot stock or potential stock tip I added that to a watchlist that I actually named "Gambling " lol. Just FYI when I look at it now pretty much all of them I would have lost a shit pile of money on. Helps keep things in perspective for me.

Frenchyyyy4166

IBKR, but you can’t day trade out of your TFSA unless you want the CRA to tax you as a business.

InterestingSpite4

Oh dayum, say what?? So im not meant to be buying and selling stocks daily with the TFSA? Its more of a buy and wait kinda deal?! Thats a big shame if so. I have been following some guys this last week and made between 5-15% on buying and selling at their recommended times and i aimed to just keep doing that until i ended up with a decent sum. I will for sure look into the Non-Reg Cash account you mentioned. I appreciate the advise!

alp1ne

There are a few things wrong with your post you may or may not be aware of. First you are not allowed to say trade inside your TFSA. Although there aren't any specific guidelines from CRA regarding this be aware you can get dinged for it if you are trading too frequently inside of your TFSA. And second I know in the current situation it probably seems like "stocks only go up" but this is in fact not the case and if you end up losing a bunch of money or your "sure things" go to 0 then not only is your money gone but you also lose that contribution room forever. The best account to make speculative plays in is a Non-Reg Cash account. Sure it sucks you end up having to pay cap gains if you do win. The good news is they are very tax efficient so it's not as bad as you think I bet. The other benefit is CRA also takes the hit with you if you end up on the losing side of your speculation as you can claim a capital loss to offset some capital gains on bets that did pay off. Your RRSP account you can also trade as much as you like and CRA won't care, you still bear the risk of losing contribution room forever however and you can't claim any capital losses either but the growth and gains are tax deferred.

No_Drama8032

I am the first in my family to possibly invest in the market. Low income individual, high 20s age but have about $10,000 in TFSA and RRSP. Looking to begin investing into ETFs and letting the money grow for 30+ years with further investing every month from my savings. Is now a good time to begin (would consist of my first investment ever by myself)?, considering the market is quite hot right now, or should i wait until things settle and prices come down. Please excuse the beginner question and thank you for your time and expertise.

CanuckCartel

Yoooo fellow QT degen are those TFSA tax sheltered too my guy?

ItsLamie

Im doing something very similar. Im rebuilding my TFSA after dumping it to purchase our house. Starting with 150$. All in on $IXHL

1337Scott

Am I going to get audited for doing 20 trades a day for 5 months straight in my TFSA?

AppropriateCat3444

I took positions in all TFSA, RRSP, and US cash accounts at TD and CIBC,

MaxDragonMan

Few different accounts but: * TFSA: 31.95% YTD * FHSA: 21.77% YTD * Non-Registered Margin: 35.45% YTD Not too shabby. Took some money out to pay for a car a couple months ago, but borrowed some margin to buy shares a couple weeks ago. Not sure how that affects anything (if it does at all). Generally very happy with my money in 2025 even if I'm not convinced things are going well economically aside from on the stock market. (Earnings beats be damned.)