Tfsa trading strategies



Anyone have an opinion as to which way I frading go. I think the only way you would get the money is if he left it to you as part of a life insurance policy. November 19,pm Brunos translation into english:. If one defines a beneficiary with an RRSP it will be taxed to the estate. That should do the trick.




The Tradong have promised something for strategiex since they were elected. The biggest election promise that I was hoping for this year was the capital gains exemption that they spoke of a couple years back. The plan was that investors could carry forward their capital gains taxation provided that the money was reinvested within 6 months. We can all see the benefits of this type of taxation, but we can also see the immense amount of additional paperwork and cost required from the government.

You probably know by now that the new budget does not include the capital gains exemption. However, there is a big bright spot in the budget for investors, that is the introduction of the Tax Free Savings Account TFSA. According to Jonathan Chevreauthe interest used to borrow for TFSA contributions are not tax deductible. Along with that, the contribution limits are restrictive for a full fledged leveraged account. These factors make the TFSA not ideal traxing use with The Smith Manoeuvre. You can read more about him here.

As with tfsa trading strategies plans of this type, however, the main problem is the possibility that few people will take advantage of it. Yes, I am a bit conservative. As it stands, I am strategied several hundred dollars of interest every year that are taxable. As far as i know, there are no attribution rules.

Where is the split? For example, the higher income spouse can put money in the lower income spouses TFSA which is then used to invest in higher distribution investments. Reverend, Yes, you are right in that non-registered portfolios are much less appealing with the introduction of the TFSA. The idea of the TFSA really excites me. However, for the middle of the road group, I can see many advantages of the TFSA.

That is, providing that people have the discipline to keep tfsa trading strategies money within the account to compound. In the strategkes where you need to save and then spend the money while you are still working then this is the way to do it. Reverend, it also depends on WHEN you retire. Speaking of which, if someone retires early and has very little income tfsa trading strategies in.

It would make sense to withdraw from tradinb RRSP and depositing those funds into a TFSA. This might help in reducing that RRIF mandatory withdrawal strateies later in life. I guess it depends on what you expect your income to strateies. In other words, is there a difference between the value of the TFSA and the amount of contribution space? Rev — as you point out, using your marginal tax rate to calculate the tax in retirement is very inaccurate unless you have a large pension.

Strategjes you defer taxes on your rrsp contributions at your marginal tax rate and then withdraw at a lower AVERAGE tax rate tfs you will save on taxes. This can apply even if your marginal tax rate in retirement is higher than in your contributing years. On a different note, this discussion has gotten me thinking. My situation is that I use up all my contribution room by deductions from my pay cheque RRSP and RPP contributions strategiws, which in turn lowers the tax withheld. So my refund is essentially buried in my pay every two tfsa trading strategies. Is anyone else in this boat?

Do any of you go back and calculate what portion of your cheque is the refund and then invest it as well? Thanks One problem with the analysis performed by The Reverend is the amount of money contributed to the RRSP. As you can see the RRSP ends up with a higher after tax value at the end of the day. Basically if the average rate at which you contribute the straetgies is higher then the average rate you withdraw the money then an RRSP will have an advantage however the visa versa is also true for TFSP.

The neat thing is when shrategies consider that the GIS is only income tested and so theoretically at retirement if a person has stragegies large balance of TFSP forex4you no deposit bonus could be withdrawing from it for their consumption and also receive full GIS. I think that a neat strategy for a large saver would be to contribute to the maximum for both RRSP and TFSP and at the beginning of their retirement withdraw only from their TFSP so that the person is receiving GIS.

Once the TFSP is depleted or when you turn 71 start withdrawing from the RRSP. I think tsfa misinterpretted what I was saying. Managing one joint account is so much simpler than two seperate accounts, not to mention less transaction costs incurred, especially tfsa trading strategies your portfolio is heavy with equities. As always, an example works best. Thanks for challenging though.

I looked at the analysis of TFSA vs. To tradijg, given the amounts of money and time involved, that puts the TFSA and RRSP on even ground as far as retirement savings vehicles goes. My plan is to continue maximizing my RRSP, putting a bit of money toward our mortgage, and any remaining money earmarked for savings is going to go toward a TFSA.

Like RRSPs, I think there will be few people maximizing their TFSA strategoes. I like the idea of the TFSA, it will be interesting to see the details and figure out how best to use it. It should create all kinds of blog topics tfsa trading strategies the next little while : George — the example at taxtips. With the conditions he has stipulated Cheap Canuck — I suspect that the taxtips. I myself find a group RRSP to be one of the most amazing savings vehicles available.

This is great except that means it leaves very little contribution room for RRSPs as they are based on your net profit after all your business expenses have been deducted and they are not based on your revenue for the year. On top of that since your earned income is at the lowest tax bracket you receive a very small if any refund when you put the money in, but would have to pay income tdsa when taking it out.

So for people who are small-time self employed individuals having a tax free account that is not based at all on the size of your income and being able to put money in and take earned investment income out tax-free and then re-contribute that money later if desired is a huge plus…. Anyways I intend on Maximizing my RRSPs and Maximizing this new TFSA…both will be of great benefit to Canadians in the future.

Anybody have any idea how this TFSA would be treated by the US govt for dual citizens? Would the TFSA be any help in sheltering? Can existing investments be put into the TSFA? For example, if I buy a 5 year GIC today, can I transfer it into the TFSA next year when the plan comes into being? However, you have potentially a big advantage. Capital gains in your RRSP would be taxable in the US, but you can plan to avoid the tax on this by chrystallizing the gains before moving.

Credit Stephen Harper tfsa trading strategies implementing what may become one of the most effective tax tools for most Canadians. However, most people do not gross up their RRSP contributions and most spend at least part of the refund. Also, the clawbacks on seniors traxing most tax brackets, so the assumption of stategies marginal tax rates after retirement is probably not true. Our preliminary analysis is quite fascinating and will make several great topics for upcoming articles on MDJ.

Is the interest gained on the savings account balance tax free, or is there a mechanism to open a stock trading account inside the TFSA? In case that I missed it somewhere, even Tsrategies dont know how the setting up the so-called Tradiing works, for either a bank or a brokerage account … can some explain it clearly. All I want to know is will the bank or broker firm label tradimg aTFSA, or will this be a special pre-fix to an account number so revenue canada knowsor is there some other special mechnnism, and how for tax purposes is it differentiated from regular taxable accounts?

The most likely scenario is that the accounts will be registered with CRA and tied to your Social Insurance Number just like an RRSP and the financial institution will have to report contributions and withdrawals on a yearly basis. Of course, this is my guess based srrategies my knowledge of rtading current tax system. Ok, this is a tfsa trading strategies thing. Currently we are taxed on our money, then we invest it and they strategise us again on essentially the same money.

I just have a question and would like to know if anyone knows the answer. If I set up an incorporated investment business, then personally invest in it and pay myself distributions, is there any conflict of interest here? If there is not and this would be legal, essentially I could strtaegies myself extremely rich with no tax. Use the invested money as a down payment on an income producing rental property.

When the rents and profits are collected I then pay all of the profits to my main shareholder myself. If anyone knows the answer to this please let me know. I trxding be talking to my accountant as well but if this is the case, a lot of already rich people will make themselves a lot more rich. Check out this post and the comments:. That will spread the income taxation, avoid the high marginal tax rates on the remaining RRSP balance upon death, and allow the funds in the TFSA to be used to cover capital gains taxation on the estate as you would with an UL.

CIBC just put up their TSFA micro site strztegies. Withdrawals will be allowed at any time for any purpose i. Contribution room is not lost if you make a withdrawal. However, you need to tfsa trading strategies until the next calendar year to re-contribute the money. Your capital gains are tax free, but your contributions space is already full. Do they frading you keep those money in your TFSA, because they are from capital gains. Because if this is possible you could theoritically become a millionare and not pay a damn penny in tax.

It will all be tax free. What happens if both my wife tfsa trading strategies I die together. I still have not been able to locate a discount brokerage account that will actively let me trade US and CAD futures, Options and Stocks using the in a TFSA. You can withdraw however much is in your TFSA without any tax consequences. Granted, this is mostly speculation right now. George, Cannon, I have consulted with a couple financial advisors about the contribution issue and have a post ready for next week!

I personally prefer the semantics of TFSP Tax-Free Savings Plan rather than Account. George, my understanding is that one tcsa able to withdraw the entire accumulated amount in the TFSP whether that dollar figure is accumulated tradong a result of savings or active investment. As you have said though, lets wait and see. At this time there is no option through their discount brokerage. The fact that this money can be withdrawn without paying tax is huge. Ces comptes ne seront probablement pas tres performants.

La flexibilte du tvsa peut etre un avantage mais a long terme va probablement etre un desavantage. I do not see the advantage if contributions are not tax-free. These tradinb are not likely to be very successful. It is a complement to the RRSP if you save the maximum possible in your RRSP. The flexibility of the account can be an advantage but long term will probably be a disadvantage. You have to be patient and to save the possibility of access to funds is a temptation. Bruno: The tfsa trading strategies of a TFSA occurs when forfeited stock options accounting funds are saved over the long-term.

While you do lose the short-term benefit of a tax deduction on the contributions, the fact that withdrawals are entirely tax-free will be a huge advantage after several decades. Especially in regards withdrawls. The Globe and Tfsa trading strategies had an article this week highlighting this topic. I tfsa trading strategies been searching for higher rates and have found these 2 Credit Unions.

The Strategiee Credit Union. This however, tfsa trading strategies my first post. My wife and I intend to maximize our TFSA contributions — still not quite sure which investment route to take, but we are leaning towards buying individual stocks. We both tend stdategies use Credit Unions more so than the big banks. I wonder is there good currency pairs forex negative in doing this?

Also, the credit union uses a third party to actually invest your money. I saw that FT covered them in another post — they are Credential Direct. Their rate is supposedly 9. Is this worth it? So, I wonder if this route with the 9. Every investment strategiies some costs. These costs can include transactional costs i. As a rule, paying per-transaction costs will be less expensive tfsa trading strategies the stratrgies run if you invest larger sums of money less frequently i.

If you want to minimize your investing expenses, you may want to just have the money transferred into a savings account every time you are paid, and then transfer the money into your investment account whenever the savings account gets large enough to make the investment purchase worthwhile. I recently opened a PC Financial TFSA to start forex bank kontakta oss with.

I plan to max. Are there other ways you savvy investors are sheltering income earned from dividend paying stocks? I already contribute to RRSPs to decrease my taxable income, help fund my retirement needs, but I am looking for other ways to grow my retirement income through dividend-paying stocks and try to avoid paying taxes in the tfas Our RSP and Stategies is maxed out for We are planning to open the TFSA with Questrade.

My situation is one where I am the sole income earner in my family. My spouse is a stay at home mom. I was wondering about the tax implications, if any, on the contributions if we open a TFSA on behalf of my spouse. She is presently earning no income. If it is deemed that taxes have to be paid on contributions, would the applicable marginal tax rate strztegies based on my income level or would the rate be based on the lowest tax rate to cover her situation?

What if she opens a TFSA in her name out strategise her personal savings rather than from my income, would she still have to pay taxes? I am a bit confused here. Maybe trwding can clarify. Or is this in contrast to the RRSP vehicle where I tfsa trading strategies not get an upfront tax break? Michael Max, trasing splitting is one of the big benefits of the TFSA.

AFAIK, you can contribute to your spouses tfsa without any tax implications on either of you. I have researched the TFSA on taxtips. From what I have seen it appears that TFSAs qualify along with RRSPs as non-deductable investments. That is good to know as someone who currently uses trzding SM for other investment accounts. Second it states that capital losses do shrategies enjoy the same protection as non-registered investments.

That money will never be taxed again, and neither will any interest, dividends, or capital gains earned within that account. I will ask specific questions before plunging into individual stock s. Last few question to you all: assuming that I am making payroll deductions bi-weekly, what would be the best way to use the TFSA? Would it be better to save the money into an account first and then put a lump sum into the TFSA, essentially delaying my contributions by half a year sstrategies a year?

Strategied retirement, both my wife and I draw down the minimum annually from our RIFs. We pay the tax and the remnant supplements our other pension income. Beyond the saving provision, that in itself might be worthwhile. Is this interpretation correct? The required RIF withdrawals are taxable as income, regardless of whether the money is re-invested into a Shrategies or not. Given the TFSA is in its infancy, there are more questions than answers right now.

That steategies said, I am looking to open a TFSA but do not know which bank offers the best rate. IMO one of the biggest advantages of mortgages are that you can get below prime rates. I think if you believe your investment returns will be greater than the mortgage rate, you really are better tfsa trading strategies rather than paying down. My intention has always been stratdgies use the account for investments which are not the most preferentially taxed.

US dividend paying stocks, interest income, and capital gains. I already have a discount brokerage account with them. Does anyone know how the built-in inflation measures will work out? It allows for larger contributions as inflation strategiws imagine it is indexed. High interest rate non-deductible debt. Mortgage or other reasonable interest rate debt. I am planning to invest in an Index fund tgading my TFSA.

I withdraw this money at the end of the tfsa trading strategies. What I guess I am asking is if there is a maximum calculated. The thing that makes this conceptually difficult for me to understand is that you are allowed to continually contribute so if I contribute nothing this year, I strateggies allowed next year. Finally, if my account drops to on June 1st, am I allowed to contribute anotheror will that be considered a contribution for ? First, I am investing in an index fund for my TFSA.

It is calculated based strahegies those rules, and those rules are entirely independent of any fluctuations in the value of the investments held within the tfas. Does tradig make any sense? Kirk: Your numbers are correct. Tim, dividends received will go directly into the TFSA and will not count against your contribution room. I am student and I have no taxable income I work part time.

Do I have tfsa trading strategies advantage of opening TFSA account? Lots of good quotes out there in this thread. I am currently a student and have opened up a TFSA. Papa, no, all gains within the TFSA are tax free. Same goes for if you lose, you cannot claim the loss. I just spent an inordinate amount of time with the phone rep and he was convinced that it really goes back to your regular ISA. That totally did not make sense as RSP accounts do not work that way and they should work similar in that way.

Call this number they gave me everything i needed to know about tfsa its through rbc How does this TFSA differ from Tfsa trading strategies Makes me strategiws little weary if TD Waterhouse employees are coming to MDJ for information about the TFSA. There are many differences including:. What would be your first, second, etc. My wife and I have group RRSP Defined Contribution plans at work and the choices of mutual funds we have is severely limited. As time goes on and my TFSA gets larger due to organic growth as well as annual strztegies I believe my TFSA will morph into a more stable investment portfolio rather than a more speculative bent that it has right now.

Heck, if srategies can, max. My spouse and I also have Defined Contribution plans at work, but the funds are crap. It will produce some meagre distributions, but will grow all the same. Tfsa trading strategies term, TFSAs have lots of power, simply, not enough contribution room now to stockpair binary options robot anything significant.

I am almost 38 married with 2 young kids, 2 and 3. I was looking at a TFSA with RBC, but realise ING or someone else will likely be cheaper. I am thinking of using the TFSA for a combo of emergency money, kids educations, retirement top up etc. I never really thought a lot about these things when was on the pension plan, but now I am playing catch up and trying to learn quickly.

Stratebies appreciate any feed back. Free money strategiies free money. After that, it would be up to you what to do with the money. I think I screwed up tradinf best TFSA option? Chris, one option is to simply withdraw the money from CIBC near the end of the year, then redeposit into a new account ING or other in Can you move an existing stock book value 10k into a new TFSA account? This post is really very appreciable. I think some new things if you add to your post like current affairs will increase It is popularity.

I opened up a TFSA investment account with Questrade and am making use of the MDJ promo tfsa trading strategies thanks FT. My current plan is to keep maxing out Tfsa trading strategies with mostly index fund investments and use the annual refund to contribute in my TFSA by purchasing mostly Canadian equities. I would also like to purchase US equities if they are attractive. One US equity that I would like to purchase is Berkshire Hathaway B.

Can I do it with my Questrade account? B Assuming I steategies even ffsa this security as a Canadian, am I right to believe that there would be no taxation of my investment if held inside a TFSA? Looks like I might have overcontributed couple hundred dollar in my TFSA. Transfer A to regular account or B. Will this ttfsa be treated as sell and buy. As in I have to take up loss if I move stock A? Should I sell B and keep profit and then transfer money out to tracing bank account later can sent it back to regular trading acc.

That way I keep profit and buy any tfsa trading strategies later. Sorry if its confusing. I am trying to figure out if transfering from Strateiges to regular account ttading the best option to reduce my over contribution? Chris, if you put cash in a discount broker and you tfsa trading strategies a stock, like strategiez REIT, then it will not affect your contribution room. In your case, you are probably better off depositing the money into an investment account now so that you can avoid the tradung fees later.

In the recent past, I have transferred funds from my credit union TFSA account tfsa trading strategies my Credential Direct TFSA account. I have since switched credit unions and the new credit union is a little unsure of the process. I called Credential Direct on the process and they state to fill the form out, mail it to Credential and then the credit union will transfer the funds after Credential contacts the credit union.

Does anyone know if this is the proper procedure? Tfsa trading strategies ttfsa much easier to just do it all in the one shot. I am unsure if I contacted a questionable Credential agent on the phone or if it has been done incorrectly in the past? The difference traring time to do it one way versus the other way is substantial. Does anyone have any experience with transferring funds from a credit employee stock options tax uk TFSA to a Credential Direct TFSA?

I frading tax advantage saving account with cibc. Does it mean that If I withdraw my money I cannot reinvest it? Double bollinger bands mt4 I will have two TFSAs. Will they penalize me David, my understanding is that any withdrawals would need tradihg be recontributed the following year or else it would be considered a contribution in the current year which could result in over contribution penalties.

Thank you for your replay. I do not ask when to recontribute this money. Is there any difference wtrategies contribution room and total money on TFSAs? The amount of any withdrawals in a given calendar year are added to the contribution room allotment for the next calendar year. The contribution room is per-person, not per-account.

If you have multiple TFSA accounts, you need to track the contribution room across all of the accounts to avoid an over contribution and penalty tax situation. Contribution room is a measure of how much you can add to your TFSA s in a given year, not a measure of how much is already in the account s. George Just to avoid misunderstanding with reagard to your answer. The problem people get into is when they withdraw funds from a TFSA, and then re-contribute them in the same calendar year.

This is considered an overcontribution strategiees the CRA and subject to a penalty tax. Here is the startegies of unused contribution room from the CRA web site Unused TFSA contribution room. In all other cases, the amount is nil. Under proposed changes announced on October 16,certain withdrawals made in the previous year may not be added back in the following year, after that date.

I am trying to work the TFSA into my portfolio stragegies was curious about what type of investments are most tax efficient to place inside. I can see the benefit in placing bonds inside the TFSA tfsa trading strategies interest tfsa trading strategies no longer taxable at strategiees rate. Lets say I deposit 10, in my TFSA and set currency to USD and strtaegies dollars. How is it taxed? If capital gains in USD are taxed, can capital losses be used for deductions? What if I have an unrealized loss one year, strateies then tgsa it back the next year and sell it all.

Is it a wash? OMG, I am in the same situation: I deposit 10, in my TFSA and set currency to USD and gain dollars? Will I be taxed on this? I understand all the general concepts of the tfsa. I have a specific question about buy forex ea shop withdrawal and contrib room rules. Anything withdrawn from the TFSA whether contributions, interest, dividends, or capital gains can be re-contributed in a future year.

George, thx for the reply. I am want to set up a TFSA but have heard that the IRS tax treatment is not very kind for these investments. Can you please spell out what I am to expect? Right now, if you receive foreign dividends, they are taxed at your marginal rate. If you put these foreign dividends in an RRSP, they grow tax free, but you are taxed when you tfsa trading strategies. This has an effect on the amount tfsa trading strategies withholding tax Uncle Sam skims off the dividend.

So the juicy American dividends are not quite tax free because there is a withholding tax. To me, the RSP is the best place for the juicy American dividends. Second best would be the TFSA or non-registered account. Tfsa trading strategies strategis tie breaker would be decided would in part depend on one. And it will have to be considered as well that capital gains would be completely sheltered in both RSP and TFSAs.

Some food for thought. Do you think this is a good idea or some variation of this? Step 1 — contribute max amount to TFSA each year in January. Step 2 — tfda the increase in TFSA value each year in December. This is just to illustrate the point But stfategies general gist is that you save up during the year to make next years TFSA contribution and eventually the TFSA income entirely funds the RESP max contribution.

Any leftover contribution room from one year, is carried over to the next year. Do all Institutions charge to have this type of account? The losing financial institution takes the Transfer-Out Fee from the TFSA. Question: How does that affect the remaining contribution room on the TFSA? I find it shocking how years after the TFSA was introduced, we still have so much confusion surrounding it.

That was the essence of my question. My thoughts are tradlng it should indeed. The dividends earned from US based company withing TFSA is subject to tax at source, i. Am I missing something here? According to strafegies blurb above, you say juicy US dividends tading grow tax free and withdrawn tax free. My understanding is stategies Guest, from my experience in withholding tax, you will see the full dividend come into your account, then the withholding tax taken out right after.

But yes, you can withdraw from your TFSA tax free. Hmmm, I want to open TFSA with RBC Direct Investing yet I have not done…. So it is tax free but you are saying dividend will be taxed. Your tax is withheld at source before depositing in your account. So, yes you are paying tax. Tfsa trading strategies remember — this applies to foreign entities only. So you are paying tax now and withdraw tax free later. That said, why not choose only Canadian rfsa. There are a few excellent ones out teading.

The dividends are declared tradiing these Cdn. In a away you are paying tax in this situation too. Trqding and taxes are inevitable. TFSA is good tfssa a long term holding and with DRIPS dividend reinvestment. Watch it increase phenomenally over time. In a cash account, non registered similar scenario tradnig attract taxes and the dividends are treated at lower tax rate. In Tfsa, does not pay taxes. Of course you know the similar situation in RRSP will attract taxes later when you withdraw.

Another difference between TFSA and RRSP — you are investing after tax dollars in TFSA. In RRSP, your money is before taxes but you pay taxes later. Any which way you cut it, you trsa escape taxes. This is my take on this. If I am wrong, anyone in this forum can please correct me. To Ed, FT, or any other accounty types: how forex utv 380 usb 2.0 tv box windows 8 driver the new TFSA contribution limit increase effect previous over-contribution penalties?

With the new limits, would those penalties now be calculated on only 12 months? The TFSA, or Tax Free Savings Account Canada, is here! The TFSA can grow and be withdrawn completely tax tradong. You never lose contribution room tradinf when withdrawn. Withdrawals can be made at ANY TIME with no withholding tax. Contribution room can be carried forward indefinitely. You can contribute to a spousal Tradng, and they can withdraw from it tax free income splitting.

Withdrawal income does not affect government benefits like OAS, GIS, or CCTB. Contributions are not tax deductible. Capital losses cannot be claimed. Related Posts: New TFSA Contribution Limit for How Much TFSA Contribution Room Do I Have? Year End Tax Tips: Financial Checklist to Start the Year 7 Smart Ways to Spend your Tax Ztrategies.

February 27,am Is it a sure thing that you can invest money then channel the returns into this account and it be tax free? February 27,am The tdsa of the TFSA really excites me. Strztegies 27,am Squawfox. February 27,pm Thanks for the link FT. February 27,pm Reverend, Yes, I can see the RRSP camp winning for those currently in the highest tax bracket and expect to be in a couple brackets lower during retirement.

February 27,pm Its possible because the withdrawals from RRSP are taxed. February 27,pm Reverend, dtrategies also depends on WHEN you retire. February 27,pm This was the highlight of the budget for me tradding. February 27,pm The point on US dividend tfsa trading strategies me think of a more general question. February 27,pm Rev — as you point out, using your marginal tax rate to calculate the tax in retirement is very inaccurate unless you have a large pension.

February 27,pm Thanks Mike. That last point is good to keep in mind. February 27,pm One problem tfading the analysis performed by The Reverend is the amount of money contributed to the RRSP. February 27,pm Commander T. February 27,pm Long time reader, first time poster. February 27,pm Mike. Option 1, make RRSP contribution with after tax dollars:.

Option 2, make contribution at source:. February 27,pm FP. This new program is great…and I stratsgies to take full advantage of it…. February 27,pm I looked at the analysis of TFSA vs. February 27,pm I like the idea of the TFSA, strtegies will be interesting to see the details and figure out how best to use it.

It should create all kinds tfss blog topics over the next little while :. February 27,pm George — the example at taxtips. February 27,pm Cheap Canuck — I suspect that the taxtips. February 28,am Rev. February tfsa trading strategies,am George — I disagree…. An American in Halifax. February 28,pm Anybody have any idea how this TFSA would be stratdgies by the US govt tradimg dual citizens? March 1,pm Can existing investments be put into the TSFA?

March 4,am Hi American. March 4,am Hi All. May 4,am How can the TFSA be used as a vehicle to invest and actively trade in stocks? May 4,am Frnk, the way that I understand the TFSA is that it can be held within a discount brokerage account, like an RRSP can be. May 4,am FT:. George, I always liked that name ….

Can you fix the problem FT? May 4,pm fixed FT, that was quick. Now are you sure that I or others cant post using someone elses ID? August 10,am Tfsa trading strategies, this is a good thing. Anyways, just a thought for all of you doubters out there. My question is whether that approach would make any sense.

Tdading 21,pm CIBC just put up their TSFA micro site today. Nothing new to me other than the rule that you need to file a tax return to get access to the contribution room. The above example assumes rrading are no adjustments to the annual contribution limit due to inflation. October 25, strateegies, pm my question ffsa the following:. October 27,tfsw Hi Giorgos. Strateges 28,pm What happens if both my wife and I die together.

October 31,am At this time, there are more questions than answers as to how the TFSA can be set up. October 31,am George. October 31,pm George, Cannon, Stratgies have consulted with a couple financial advisors about the contribution issue and have a post strategids for next week! November 6,pm Excellent discussion. November 19,pm Brunos translation into english:. November 19,pm Bruno: The advantage of a TFSA occurs when the funds are saved over the long-term.

November 27,pm The best deal in town:. December 5,pm Does the TFSA offer creditor protection just like an RRSP with a named Beneficiary? December 7,am I have been searching for higher rates and have found these 2 Credit Unions. I am not sure of the small print but check it out. December 10,ttsa Thanks for use full information about savings account interest.

December 19,am Hi. How can we make sure that it is permitted to trade US Options in the new TFSA accounts? January 2,pm Hi all. January 2,pm Is it possible to tradiny futures in TFSA? If so which broker is allowing? January 3,pm Hi All. However, I am wondering how many of you will also open a Discount Brokerage TFSA? Would that be a good place to place dividends earned from dividend-paying stocks? Can you have both accounts?

I already contribute to RRSPs to decrease my taxable income, help fund my retirement needs, but I am looking for other ways to grow my retirement income through dividend-paying stocks and try to avoid paying taxes in the process…. Thanks everyone, keep up the insightful and detailed commentary! January 3,pm Mark: Looks like you are thinking along the same lines as me. Our RSP and RESP is maxed out for Anyone else thinking about using this fabulous new vehicle to trade the markets?

January 4,am Hey folks, long time reader. January 4,am Michael Max, income splitting is one of the big benefits of the TFSA. Again, you should consult with a financial professional to options trading hardwarezone. January 4,am I have researched the TFSA on taxtips. Any capital gains within the TFSA are not taxable, even when withdrawn.

January 5,am I tfsq encourage those looking for information atrategies TSFA to check out the CRA website at:. January 5,pm Thanks for the heads up George. Apologies if this has already received comment. Keep the good posts tfaa gang. January 6,pm Thanks for the clarification, George. Of course, that makes sense. January 8,pm I am certain that there are more than a few of you who have done some research on which bank offers the highest savings rate.

January 8,pm Sampson:. Thanks for your insight. Question for you: Can tfsa trading strategies hold 2 TFSAs? January 9,am Do you know anything about holding US Stocks and Securities in a TFSA account? January 9,am Does anyone know how the built-in inflation measures will work out? January 10,pm thats great george, so I can compound my money in this account, I think for a skinflint penny pincher like myself this is a god-send, and if I become investment savy in the stock market, I can retire, quiet early.

January 12,pm What is the max lump sum can you put in when you open TFSA? January 15,pm Just a few more questions great discussions BTW …. Thanks in advance to the experts here! January 15,pm A few questions to add to this great discussion…. Thanks stratgeies advance and great website BTW. January 15,pm Along the same vein just trying to consolidate the info to make sure that I understand …. January 16,am Kirk: Your numbers tfading correct.

Strategiez 21,pm Tim, dividends received will go directly into the TFSA and will not count against your contribution room. January 28,am I am student and I have no taxable income I work part time. February 3,am Lots of good quotes out there in this thread. February 3,pm I am currently a student and have opened up a TFSA. February 3,pm Papa, no, all gains within the TFSA are tax free. February 3,pm Someone explain this to me. Is this correct in their implementation of TF savings?

February 3,pm J Saver:. Not sure I was very clear, but I hope it trasing February 3,pm Lyne thanks. February 6,pm Call this number they gave me everything i needed to know about tfsa its through rbc March 22, tdsa, am How does this TFSA differ from RRSP? I would be interested tfsa trading strategies know your perspective. August 2,pm Mark in Nepean. August 2,pm Thanks Cannon…. Thankfully, my spouse and I have no debt, only the mortgage. The new old the profitability of intraday fx trading using technical indicators. October 30, strategles, pm This could be a long question but I will try and keep it short.

Tfa 31,am new old guy, personally, I would recommend maxing out what your employer will match. February 24,pm Chris, one option is to simply withdraw the money from CIBC near the tfsa trading strategies of the year, then redeposit into a new account ING or other in April 5,pm Can you move an existing stock book value 10k into a new TFSA account? June 11,am Wow! July 8,pm I opened up a TFSA investment account with Questrade and am making use of the MDJ promo — thanks FT.

I am a total newbie investor, so my questions are:. Thanks for any replies! July 23,pm Chris, if you put cash in a discount broker strateiges you purchase a stock, like a REIT, then it will not affect your contribution room. July 23,pm Dang, your fast :. September 20,pm Sorry if this is a repeat question. October 30,pm I found something that I do not understand on official web-site.

The exclusion in the first bullet above also applies after that date to:. In the normal course you can withdraw money from your TFSA and re-invest it, but you need to be careful not to exceed the contribution traxing. November 5,am I went to the bank to ask about the TFSA and just want teading reconfirm my understanding of it. It this the correct understanding of the TFSA? Thanks for your forex manipulation lawsuit November 5,pm.

November 13,pm HI. Will they penalize me. November 14,am Tsrategies, my understanding is that any withdrawals would spacex employee stock options to be recontributed the following year or else it would be considered a contribution in the current tading which could result in over contribution penalties.

November 14,am Thank you for your replay. Thank you in advance. November 14,pm George Just to avoid misunderstanding with reagard to your answer. November 14,pm Here is the definition of unused contribution room from the Tradong web site. Unused TFSA contribution room. November strateegies,strategia forex infallibile. December 20,pm What are you all putting in your TFSA?

December 20,pm With regard to TFSA. Do no put Canadian stocks put international stocks only. Any help with this would be greatly appreciated. February 24,pm OMG, I am in the same situation: I deposit 10, in my TFSA and set currency to USD and gain dollars? August 18,am I understand all the general concepts of the tfsa. August 18,pm George, thx for the reply. September 11,pm. March 2,am Hello. April 12,pm Perhaps somebody has already commented on the following in the posts above?

Repeat the process while contributing back the withdrawal amount to TFSA. Year TFSA January TFSA December Xfer to RESP RESP CESG. This is just to illustrate the point. After 6 years,in TFSA and 25, in RESP. But the general gist is that you save up during the year to make next years TFSA contribution and eventually the Tradiny income entirely funds the RESP max contribution. December 3,am Hi, question about contribution room….

Tax Free Trsding Account. December 3,pm Kit. December 27,pm I find it shocking how years after the TFSA was introduced, we still have tfsa trading strategies much confusion surrounding it. December 29,am Seth: Are you saying that the Transfer-Out Fee is to be treated as a Withdrawal? January 16,pm The dividends earned from US based company withing TFSA is subject to tax at source, i.

January 18,pm Guest, from my experience in withholding tax, you will see the full tradkng come into your account, then the withholding tax taken out right forex market currency pairs. January 26,am Hmmm, I want to open TFSA with RBC Direct Investing yet I have not done…. January 26,am Put it his way — if it is a foreign stock, dividends are declared, after tax for that corporate entity.

April 30,am To Ed, FT, or any other accounty types: how tfsw the ftsa TFSA contribution limit increase effect previous over-contribution penalties? Notify me of followup comments via e-mail. Previous post: Determining our Life Insurance Needs I — Criteria. Free Cash Back Credit Cards. Premium Cash Back Credit Cards. Reader Net Worth Updates. Have a Tax Deductible Mortgage. Choose the Best Bank Mutual Ngm trading system. Buy and Strxtegies Stocks.

Save a Lot of Money. Start a Blog on a Strateyies. Where to Find Dividend Data for Your Portfolio. Federal Budget — Much about Nothing. How to Deal with the Aggressive Sales Tactics by the Big Banks. How to Build tradibg Dividend Growth Portfolio. How and Why Asset Allocation Works. Dividend Stock Picks: Dogs of the Tfsa trading strategies and Beating the TSX ffsa




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Learn how a Tax Free Savings Account (TFSA) can allow your investments and savings to grow tax-free throughout your lifetime. Read our TFSA FAQ now. I was curious if I can add back commissions or trading fees to my TFSA toatals. If I put in this year, make three trades and pay $30 in trade costs. With the upcoming tax free savings/investment account in , my mind has been racing about what exactly to do with the account. Between my wife and I.

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