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In this video, I explore whether it's OK to day trade in a TaxFree Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP). I also discuss when the Canada Revenue Agency might want to conduct an audit.
Time stamps:
0:00 Intro & Bottom Line
0:38 TFSA day trading
3:40 RRSP day trading
5:14 Key takeaways
Sources:
https://www.investmentexecutive.com/i...
https://www.marcillavallee.ca/en/res...
https://www.moneysense.ca/save/invest...
#tfsa #rrsp #daytrading
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DISCLAIMER & NOTICE: This video, and all other videos on the channel, are for entertainment purposes only. I am not a certified financial advisor. Always conduct your own research before making investment decisions. Occasionally, affiliate links will be left in the description box and/or comment section of Project E videos. I may derive monetary benefits as a result of viewers' engagement with these affiliate links.