In MY INCOME TAX PREPARATION WITH TRADING IN A TAX FREE SAVINGS TRADING ACCOUNT, WHEN i GO TO DO MY TAXES THEN ALL THE TRADES THERE CAN BE BASICALLY INGORED AND AS ANY CAPITAL GAINS ARE NOT IMPORTANT TO FILLING OUT THE FORM?

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2521 viewsFebruary 8, 2017Accounting

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Anonymous Posted February 7, 2017

Michael Vincent with a lot of trades in a tax free saving trading account, and hoping that they don’t need to be referred when doing income tax……….

1 Answer

score 0 · Answer 1 · 2017-02-08T19:14:41+00:00

You do not have to report trades / sales made within a TFSA on your personal tax return. This is because any gains made within a TFSA are not taxable.

In MY INCOME TAX PREPARATION WITH TRADING IN A TAX FREE SAVINGS TRADING ACCOUNT, WHEN i GO TO DO MY TAXES THEN ALL THE TRADES THERE CAN BE BASICALLY INGORED AND AS ANY CAPITAL GAINS ARE NOT IMPORTANT TO FILLING OUT THE FORM?

1 Answer

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