Options Trading in TFSA
Is it legal to do so? I read some information that you are not allowed to day trade in it.
- Last Updated:
- Jul 6th, 2020 11:04 am
Tags:
- SCORE
- Icekain [OP]
- Jr. Member
- Nov 26, 2014
- 105 posts
- 46 upvotes
- Vancouver, BC
3 replies
- djdestroyer
- Deal Addict
- Jul 10, 2014
- 3021 posts
- 1294 upvotes
- Ottawa, ON
Not allowed to day trade.
- whatyoulookinatbud
- Member
- May 18, 2017
- 447 posts
- 228 upvotes
- Toronto, Ontario
You can trade options. You can buy calls and puts, sell covered calls and of course close the position. No naked options or selling cash secured puts.
Good thread below.
https://www.reddit.com/r/CanadianInvest ... an_active/
Good thread below.
https://www.reddit.com/r/CanadianInvest ... an_active/
- dlhunter
- Deal Fanatic
- Jun 27, 2007
- 5507 posts
- 1955 upvotes
as others said, you can trade options (only buy side)
if you do it daily AND make 100+K, only then you MAY attract CRA attention
and it's not such a bad problem to have - in the end, you get to keep a lot of dough
if you do it daily AND make 100+K, only then you MAY attract CRA attention
and it's not such a bad problem to have - in the end, you get to keep a lot of dough
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
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