Toronto Escorts

2019 tfsa?

Extife

Well-known member
Sep 18, 2017
256
278
63
Check with CRA. Most likely it will be 5500 unless the Trudeau Government changes it. Max it while you can and invest it.
 
Last edited:

checks

New member
Jan 14, 2011
822
2
0
Every Canadian can contribute/deposit up to $57,500 in a TFSA as of 2018. You are allowed to contribute to past years as long as you don't go over that total.
 

bluecolt

Well-known member
Jun 18, 2011
1,440
302
83
Why do people ask these types of questions on an escort review site? Is the CRA website not accessible to them? Is Google not available? Why?
 

The "Bone" Ranger

tits lover
Aug 5, 2006
4,229
29
48
Although it is not the most efficient use of the TFSA, I don't agree with you guys that it applies to all people, if someone is totally risk averse and has cash sitting in a non-registered account, then he/she might as well put in a TFSA so they don't have to give half of the interest income to CRA.

:D :D

If you're putting TFSA money into a bank offered account or GIC, you're doing it wrong.....
Totally agree with your statement!
 

whiteshaft

Been Around
Mar 15, 2014
1,783
251
83
Room 38DD
Although it is not the most efficient use of the TFSA, I don't agree with you guys that it applies to all people, if someone is totally risk averse and has cash sitting in a non-registered account, then he/she might as well put in a TFSA so they don't have to give half of the interest income to CRA.
Hello TBR!

I love your video signature so much lol!

But seriously on the subject, you're correct and appreciate your widening the horizon of discussion. I was basing my comment mainly on my own situation in stock investment.
 

The "Bone" Ranger

tits lover
Aug 5, 2006
4,229
29
48
:thumb:

For stocks the TFSA is great, I use it myself, especially if I want to day-trade, no accounting headaches for tax tracking purposes, just keep trading in and out (my mantra...lol) with no worries!



Hello TBR!

I love your video signature so much lol!

But seriously on the subject, you're correct and appreciate your widening the horizon of discussion. I was basing my comment mainly on my own situation in stock investment.
 

angrymime666

Well-known member
May 8, 2008
972
536
93
:thumb:

For stocks the TFSA is great, I use it myself, especially if I want to day-trade, no accounting headaches for tax tracking purposes, just keep trading in and out (my mantra...lol) with no worries!
fyi I was reading somewhere that the CRA may be cracking down on day traders who use their tfsa as a way to dodge taxes. specifically those who have massively outperformed what would be considered "normal". while it doesnt not say that you cannot conduct that kind of business in the legislation CRA feels that it is not an appropriate way to use the tfsa, hence they want their cut.

should be interesting to see what the CRA does with people who have done extremely well with trading in their tfsa.
 

The "Bone" Ranger

tits lover
Aug 5, 2006
4,229
29
48
Kinda contradicts the name "tax free?"

fyi I was reading somewhere that the CRA may be cracking down on day traders who use their tfsa as a way to dodge taxes. specifically those who have massively outperformed what would be considered "normal". while it doesnt not say that you cannot conduct that kind of business in the legislation CRA feels that it is not an appropriate way to use the tfsa, hence they want their cut.

should be interesting to see what the CRA does with people who have done extremely well with trading in their tfsa.
 

The "Bone" Ranger

tits lover
Aug 5, 2006
4,229
29
48
It is consistent with the "Savings" nature of the account. It isn't intended to be a way for people to avoid taxes, it's a way to save money. If you're day trading, it isn't saving it's gambling.
Since capital losses in the TFSA can't be written off it would be one-sided if they taxed the capital gains from day trading.
 
Toronto Escorts