All Questions
63
questions
1
vote
1
answer
111
views
What account to draw from for a first-time home buyer? (Canada)
Assuming I need 35K for a downpayment and I have 50K in an RRSP 50k in a TFSA and 20k in a non-registered account— which account is it best to draw from? My assumption is that cleaning out the non-...
- 2,592
1
vote
1
answer
186
views
Can I transfer stocks from a margin account to a TFSA to avoid capital gains tax?
I am new to trading and ended up opening a margin account rather than a TFSA a few months ago. I know I can sell my stock and then buy it again in the TFSA, but the stock price has gone up and I am ...
- 113
5
votes
0
answers
99
views
I'm a Canadian citizen and now a US resident. How do I close my Canadian RRSP and TFSA?
I am a Canadian citizen who moved to the US in 2009. I am now a US resident and Canadian non-resident. I still have a Canadian RRSP, TFSA, and bank account. I've filed FBARs since becoming a US ...
- 51
2
votes
0
answers
64
views
Transferring USD into a TFSA
I am currently working in the US but maintain my residency in Canada and file with both the IRS and CRA. I have accounts with both Questrade in Canada and Robinhood in the US.
I wish to transfer my ...
- 121
2
votes
0
answers
33
views
Can I hold US dollars and buy US stocks (with US Dollars) without FX commissions using a Canadian brokerage account?
May be moving to Canada next month, so I had some questions.
I would like to transfer my US dollars to a Canadian brokerage account -- from what I've read IB or Questrade are the best options.
However,...
- 475
1
vote
1
answer
58
views
How does a Canadian sell TFSA assets in a foreign stock exchange?
I'm using TD Waterhouse and bought some stock in my TFSA account. However, the entity was purchased by a UK company. TD Waterhouse doesn't seem to be able to sell stock on the London Stock Exchange ...
- 242
2
votes
1
answer
2k
views
When would holding U.S. stocks in a non-registered account be better than in a TFSA?
Assume your RRSP is full, and you must buy U.S. stock in TFSA or in an unregistered [aka non-registered] account. The default answer seems to be TFSA!
If you have an RRSP, a TFSA and a non-...
user40269
3
votes
0
answers
10k
views
How much can you have in TFSA without losing any OSAP?
Plz see beneath. Just $3600 for 2019-2020 school year!!?!!? This is too niggling and half-baked!
What if student is living away from home? Accomodation and private rent cost way more!
What if US or ...
user40269
3
votes
1
answer
144
views
Can you legally increase your TFSA contribution room over the government's provided maximum ($63 500 in 2019)?
I saw this idea in Reddit comments by u/differing:
I often wish I invested early in the weed stock bubble in my TFSA, not so much for the returns but more to supercharge my TFSA room and transition ...
user44213
2
votes
1
answer
4k
views
I never opened TFSA. Why's my TFSA contribution room $64800.68, not 63500?
Brother Ivan never opened TFSA. Websites beneath say his TFSA contribution room is $63 500, but screenshot from his CRA online account says $64 800.68! Why? Which's right?
Know your TFSA ...
user40269
2
votes
2
answers
201
views
TFSA and have $1M dollar after 40 years at 5.5% interest with $500 year bump 2% annual inflation rate : Is it an efficient way to be a millionaire?
Is it true that if I fix 5500 dollars at a TFSA (Tax-Free Savings Account) at 5.5% interest and 500 dollars yearly bump then after 40 years someone will retire with a million dollar? Is it an ...
user76016
1
vote
0
answers
65
views
What type of trading is taxable in a TFSA investment acount?
I always assumed that capital gains in TFSA is non-taxable until I read that people who use TFSA investment account for day trading are starting to being audited by the CRA.
So, what types of ...
- 329
5
votes
1
answer
608
views
Does employer matching contributions in a TFSA count towards the annual limit?
Does my employer matching my contribution to a TFSA count towards my annual TFSA contribution limit?
- 51
-1
votes
1
answer
117
views
Tax free savings account
I know that this type of account does not exist in the US. For those who know, is there absolutely no tax deducted from my earnings when I invest in stocks? For example, if I turn 10000 to 1 million, ...
- 641
3
votes
1
answer
229
views
Deposit shares in TFSA before capital gain that exceeds contribution limit
I find myself in an interesting position right now. I bought into a private placement and my escrow will be ending in a couple weeks. The kicker is that, if I were to deposit the shares into my TFSA (...
- 130