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Trading in Tax-Free Savings Accounts (TFSA)

I opened up a TFSA with Questrade as soon as it became available. This account must be in the individual’s name. If you’re transferring funds from a joint bank account, Questrade may ask for proof that...

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New Annual Contribution Limit for TFSAs (Canada)

Starting 2013, an additional $500 will be added to tax free savings accounts bringing the yearly limit to $5,500. Read the announcement on the Department of Finance Canada website or visit the CRA for...

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Q.: Can I Short Stocks in a TSFA Account?

A.: No, you cannot. When shorting, your potential losses are unlimited, and your TFSA account IS limited. The only two ways to short stocks in TFSA (known to me) is via buying put options or the...

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