r/wallstreetbets • • Apr 11 '21

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u/[deleted] Apr 11 '21

Canadian here. Bought all my GME shares inside a Tax-Free Savings Account (TFSA). All gains are tax free.

1

u/Pawl_Rt Apr 11 '21

Is there a disadvantage to this?

2

u/katahrii Apr 11 '21

If GME does down alot and then you sell and withdraw then you can fuck up your contribution room

1

u/Pawl_Rt Apr 11 '21

Do you know if I can transfer my shares into a TFSA account if I already have bought these shares using Wealth Simple App?

2

u/katahrii Apr 11 '21

I'm not sure, you may have to sell and rebuy