Universal healthcare and TFSA trading accounts making those withdrawals tax free 🇨🇦

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I have a May METU call in TFSA!

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Do it in your TFSA coward!

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With TFSA there is a caveat, you cannot day trade in that account otherwise the CRA can (and likely will) treat any gains as an income. I think there was a case like that few years back.

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damn bruh I thought I was cooked blowin up my TFSA god speed

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Bruh, what are you doing?! You’re gambling in your TFSA and FHSA?! That contribution room is gone forever… the best thing about this is that you still have 130k and you’re only 31! Keep gambling to try and make it back! I’m kidding, please don’t!

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> For example, in a TFSA, if you make $1 million in profit, then you get to keep that $1 million 100% tax-free. **USUALLY**. The CRA has gone after people for using their TFSA as a day-trading account because you aren't supposed to do that. The general threshold is something like a couple transactions a month averaged over the year, if you do more than that and it's in high risk stocks/meme stocks, they take a dim view of that activity and penalties start rolling. In OPs case it's fine because all they did was lose big, but if it was the opposite, the CRA'd be sharpening their knives.

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