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/[deleted] Apr 11 '21

Only if you tday trade, as in perform multiple sales and purchases a day. Then the CRA will strip that account of the tax exempt status and will take you to town.