All Questions
14
questions
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
2
votes
0
answers
65
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
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
1
vote
0
answers
66
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
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
1
vote
0
answers
424
views
Is it worth contributing to a Canadian TFSA from the USA?
I am a Canadian citizen studying for a PhD in the USA.
From the CRA's point of view, I'm a Canadian resident; from the IRS's point of view, I'm a non-resident alien.
My investment goal is long-term ...
- 111
1
vote
2
answers
170
views
Are GICs a reasonable investment within a TFSA?
I have a TFSA with ~$15k in it. ~$5k is invested into a 0.9% GIC, for 12-months, but I've been told by nearly everyone I've mentioned that rate to that I was burned, and that my money could have been ...
- 115
1
vote
1
answer
335
views
Why Does My Tax Free Savings Account Say I Have 0 Contribution Room as of 2015?
I am living in Canada, and I recently went to http://www.cra-arc.gc.ca/esrvc-srvce/tx/ndvdls/myccnt/menu-eng.html and tried to check my TFSA contribution room for this year. I turned 18 on February ...
- 515
1
vote
1
answer
403
views
Compounding difference between these TFSA Savings Account & TFSA GIC interest rates?
From the brochure of my bank, here is an excerpt:
Interest on the TFSA Savings Account is calculated daily and paid monthly.
Interest on TFSA GICs is compounded annually and paid at the end of ...
- 16k
2
votes
2
answers
897
views
What is the real tax benefit of Tax Free Savings Accounts (TFSA) vs normal (unregistered) savings or investment accounts?
From an investor's point of view, are investment options that are allowed to grow 'tax free' a beneficial choice? The investor is anyway going to pay tax once he withdraws the money*.
What I am ...
- 16k
3
votes
2
answers
407
views
How can I determine which is right for me, RRSP or TFSA, if any at all?
I'm 22 years old, and currently dumping all my money into my general savings account. I'd like to take this further but I'm not sure where to go with this. What type of savings account should I get ...
user2987
2
votes
1
answer
676
views
Questrade: Tax Free Trading Account. Why don't other brokers in Canada have these?
I noticed Questrade has a Tax Free Trading Account.
Is this too good to be true? Why do other brokers not have a "Tax Free Trading Account" where your gains are not taxed and where you can contribute ...
- 131
4
votes
1
answer
2k
views
I have not yet invested into a TFSA - how much can I invest in 2011?
I have not yet created a TFSA, nor invested anything in it. I am looking to put some money in in 2011, what will my cap be?
- 1,659
11
votes
2
answers
929
views
TFSA vs. RRSP... Best retirement approach
What's the best retirement strategy? Assuming I have $1000 and room in both my TFSA and RRSP contribution, where should the $1000 go?
- 429