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TFSA MISTAKES in Canada to AVOID! // Tax Free Investing Strategy // Canadian Tax Guide Chapter 9

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Canadian in a T-Shirt

What are the Most Common Mistakes with the TFSA? Am I using the TFSA Correctly? How does the TFSA work? Is the TFSA Really Tax Free? How can Canadians get the most out of their TFSA? Should I Day Trade or invest in Crypto in a TFSA?

I'll be breaking down all of the Biggest TFSA Mistakes to AVOID in Canada! The TFSA is one of the most powerful investing tools but most Canadians are not using it correctly and these mistakes can be costing you thousands of dollars in the long run! The TFSA rules can be confusing and misleading so I'll show you how to avoid these mistakes and how to get the most out of your taxsheltered growth!

TFSA Explained Watch this FIRST!
   • TFSA Explained | Investing Tax Free |...  

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Check out my Canadian Tax Guide for More Tax Saving Strategies!
   • Canadian TAX Guide  

SKIP AHEAD ⏩
Intro: 0:00
TFSA Basics: 0:56
Wasting TFSA on Savings: 1:40
Contribution Room: 3:56
Max TFSA Limit Table: 4:56
New Canadians Not Citizen / PR: 5:24
Contribution Rules: 5:58
Do NOT Rely on CRA Room: 6:29
Exceed Limit Penalty: 7:23
Withdraw + ReContribute: 7:47
Withdrawal Tip: 8:57
Gains Do NOT Affect TFSA Room: 9:19
Move From Bank to Broker: 10:16
Max Out TFSA: 11:34
Avoid Risky Stocks in TFSA: 12:33
Selling at Loss: 13:54
US Dividends: 15:02
Day Trading in TFSA: 16:39
Summary: 17:43

WATCH NEXT ▶
How to Buy Stocks on Questrade    • How to Buy Stocks? QUESTRADE Tutorial...  
How Taxes Work in Canada    • HOW TAXES WORK IN CANADA | REDUCE YOU...  
Best Canadian Dividend Stocks    • Best CANADIAN DIVIDEND Stocks // Hold...  
What is a DRIP? Compounding Dividends    • What is a DRIP? Investing with Compou...  
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RRSP Explained Part 1    • RRSP Explained Part 1 | Tax Deduction...  
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Norbert’s Gambit Exchange Currency for Free    • Norbert's Gambit with QUESTRADE Tutor...  

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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
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#CanadianTaxes #TFSA #TFSAInvesting #TaxFreeInvesting #CanadianTaxGuide #CRA #CanadianFinance #CanadianInvesting

posted by baconho