The Dividend Investing Resource Center

Letting Dividends Do Their Work

Message Boards

Stock Talk

Moderator is Kathy Courtney

Date: 1/2/2009 8:50:44 AM
Author: jdmoodie Country Flag
Subject: 15303/19988 - TFSA - TFTA, another hitch
 
 
<= Previous    Post Response    Post New    Next =>

Message:

Well, I have been chomping at the bit to get my TFTA going. This morning I was going through the application and read the part about "capital gains" being tax free. It then occured to me that profits from short sales are not considered capital gains with respect to taxation. So I asked.

ARRRRGGGGHHH!

No short sales in a TFSA. So, this is not a major issue except it means that I have to continue to hold two accounts if I want to continue to use short sales (I had considered it almost a must to be able to trade all the time). I think I recall asking this about RRSP accounts quite a while ago and got the same answer so perhaps I should have known.

At least I have been working on my long game lately.

Jeff.
 
<= Previous    Post Response    Post New    Next =>
 
Author Profile
  Number of Messages Past Six Months: 0
  Location: Smiths Falls, Ontario
  Fav. Companies: DRiPs: BMO, FTS, REI.UN, PGF.UN, Daytrades: I've lost track
  Inv. Style: Day, swing, momentum, options, futures, trading currently.
  Website 1 : tradingmood@gmail.com it's my email
  Website 2 : http://the-stock-trading-mood.blogspot.com/ My blog, by request



This website is maintained by George L Smyth