Answering your most common TaxFree Savings Account questions

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What happens if you lose money in your TFSA? What counts as day trading in a TFSA? When can you redeposit your withdrawals? In this video we cover the most common questions we received about the Tax-Free Savings account. • • Timestamps: • 0:00 Intro • 0:10 TFSA Limit for 2021 • 0:43 How is Contribution Room Calculated • 1:08 TFSA Profits and Contribution Room • 1:44 Redepositing TFSA Withdrawals • 2:48 TFSA Withdrawals When You Have Contribution Room • 3:36 Day Trading in Your TFSA • 4:41 CRA Taxes Investor for Day Trading • 5:42 TFSA Losses and Contribution Room • • OTHER VIDEOS TO CHECK OUT: • THE MOST COMMON AND UNKNOWN TFSA MISTAKES : • TAXABLE TRANSACTIONS and other UNKNOW... • MY TFSA IS MAXED OUT, NOW WHAT? : • RRSP vs Non-Reg - Are RRSPs WORTH IT? • HOW TO BUY DIVIDEND STOCKS : • Dividend Investing For Beginners - Ho... • HOW MUCH TO SAVE IN YOUR 20s and 30s : • Are you saving enough? - Investing in... • HOW TO INSTANTLY INCREASE YOUR INVESTMENT RETURNS : • Instantly MAKE MORE $$$ on Mutual Fun... • • REFERENCE LINKS: • • CRA - Tax-Free Savings Account : https://www.canada.ca/en/revenue-agen... • • Tax Court of Canada Judgments: https://decision.tcc-cci.gc.ca/tcc-cc... • • CRA TFSA Losses: https://www.canada.ca/en/revenue-agen... • • • // LINKS • Weekly blog, resources tools: https://theindependentdollar.com • Follow The Independent Dollar on Twitter: / indepdollar • • • **** IS THERE A TOPIC YOU WOULD LIKE TO LEARN MORE ABOUT? LET US KNOW IN THE COMMENTS****

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