Comments on: Trading in Tax-Free Savings Accounts (TFSA)

By: Phantasmix

Phantasmix — Wed, 30 Dec 2009 19:20:32 +0000

Stuart,
which income trusts do you like?
And won’t that tax reform only happen in 2011, not 2010?

Thanks for visiting!

By: Stuart

Stuart — Thu, 24 Dec 2009 19:11:46 +0000

I am a big fan of the TFSA. I am also using Questrade for my TFSA. Trading my TFSA is not what I believe to be the best option since your trading costs are not deducted from the income because it results in tax free gains there is not incentive to trade it. I would rather trade outside the TFSA to use margin.

For my TFSA I use income trusts since they will be highly taxed come 2010. This way you are sheltered. I am more than happy with a 10% annual dividend tax free with bonous capital appreciation.

By: Phantasmix

Phantasmix — Sat, 15 Aug 2009 13:56:32 +0000

Hi Glenn,
that is correct — cannot short anything directly in TFSA.

You can short via buying puts or going long inverse ETFs. Both are prone to decay.

Hope this helps.

By: glenn0612

glenn0612 — Sat, 15 Aug 2009 05:31:32 +0000

Hi,

When you said no ‘direct shorting’ with questrade TFSA, did you mean there’s no way to go on a short position (sell short) with that account? only long positions?

Thanks,
G.

By: Phantasmix

Phantasmix — Mon, 30 Mar 2009 17:09:51 +0000

>> Might prove to be a good thing down the road…

Please elaborate

(you *know* you’re enabling my doom habit 🙂 )

By: ducati998

ducati998 — Sun, 29 Mar 2009 05:20:51 +0000

Kat,

You’re 10hrs flying time from anywhere else. 30hrs from Europe, not sure how far from the US. Isolated. Might prove to be a good thing down the road…

They have no idea how to actually build a house.

Otherwise, not too bad.

jog on
duc

By: Phantasmix

Phantasmix — Sat, 28 Mar 2009 20:24:10 +0000

Duc,
I made a mistake 🙂 TSFA is wrong, TFSA is right (but I have to force it, harder for me to pronounce).

It is indeed only for Canadians, it’s the same thing as Roth-IRA in the U.S.

Canadian capital gains taxes aren’t bad (roughly half of the regular income tax rate).

You have it very nice there — no taxes and a mild climate. What are the cons of NZ?

By: ducati998

ducati998 — Sat, 28 Mar 2009 17:21:40 +0000

Kat,

This makes a lot of sense…I’m assuming for Canadians only though?

There are no capital gains taxes in NZ, which is the best part of their tax code.

Why TSFA & not TFSA [reading from the title?] Just curious.

jog on
duc