In today’s video, we dive into the technicalities of day trading taxes for TFSA and other Canadian trading accounts. Day trading is the act of buying and selling financial securities within a short time frame, with the goal of generating profit from trading activities.
Unfortunately, these types of activities are not permitted within a TFSA and are considered to be business income when conducted in a regular cash brokerage account. If you invest in the stock market for the long-term, you have nothing to worry about! Watch some of my other videos to learn how to successfully invest in the stock market and create wealth.
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