Entrepreneurship & Small Business

How often do you trade in your tfsa

  • Last Updated:
  • Dec 3rd, 2017 12:43 pm
[OP]
Newbie
Jan 16, 2017
7 posts

How often do you trade in your tfsa

Hello,


I read today that the CRA is auditing tfsa accounts. The criteria to define a tfsa that operates as a business are quit gray. Do you know anyone who was ever audited? how would the tax be applied ? I mean let's say you has 5 k in your account. Than you made it to 30 K on one stock, moved money to a different stock and ended up losing everything. Would you still owe tax money on the 25 k you made initially ? I am new to investing and was curious on how the whole system works.
1 reply
Sr. Member
Dec 14, 2011
865 posts
244 upvotes
London
You should post this in the correct forum. Personal Finance/Investing.

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