Investment Club TFSA?
Does anyone know if it's possible to setup an investment club where each member makes contributions and they're recorded as their own TFSA?
Oct 10th, 2010 12:50 pm
Oct 10th, 2010 4:11 pm
Oct 10th, 2010 4:34 pm
Oct 10th, 2010 7:06 pm
Oct 10th, 2010 7:24 pm
guessaaa wrote: ↑Except that the income tax act says that "the arrangement requires that it be maintained for the exclusive benefit of the holder" and "the arrangement prohibits, while there is a holder of the arrangement, anyone that is neither the holder nor the issuer of the arrangement from having rights under the arrangement relating to the amount and timing of distributions and the investing of funds".
Oct 10th, 2010 11:48 pm
Oct 11th, 2010 11:45 am
Feb 12th, 2013 6:11 pm
Hi all, does someone found a method of regrouping TFSAs or RRSPs into one "Investment Club" entity ? My strategy (market neutral) needs leverage and I can't perform it with registered accounts.cmackie wrote: ↑When setting up the investment club, each member still has to give their own personal info and SIN. They also have to report their own portion of gains and income so you have to keep track of everyone's contributions. I think there should be a way to get it done but right now it seems it wouldn't be allowed.
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