캐나다 TFSA 첫 해, 소액으로 시작하기 좋은 데이 트레이딩 플랫폼은? 💹

The CRA loves it when you day trade from your TFSA

Do not daytrade in your TFSA ever. It will invalidate its tax free status and you’ll be absolutely hammered by CRA. You gotta stick to longer term holds in that bad boy.

I trade gold and silver exclusively. I started using OANDA and then switched to AMP futures.

Day trading in Canada is treated like a business income. You do not get the capital gains deduction that longer term investments get so you will be hammered with taxes. You will be taxed on 100% of your gains, so theyll take quite a big chunk of your trading gains every year depending on what tax bracket you’re in.

Don’t sweat that right now because you need to learn how to be profitable first. But once you’re set up and consistently profitable for a year or more and ready to step up your account size to start making substantial money etc, I’d hire an accountant and setup a corporation to trade within. That way your gains are taxed at the corp rate which is far lower.

when you want to pay yourself some spending money, you’ll have your corp pay you dividends which you’ll have to pay tax on but at least that setup will allow your trading account to compound without being robbed blind by the CRA every year. (Tough to compound when they take like half of what you made every year knowwumsayin?)

Hope that helps you and my fellow canucks. Remember hosers! DO NOT TRADE IN YOUR TFSA!