< iframe width =" 480" elevation =" 320 "src =" https://www.youtube.com/embed/wODiaz8278E?rel=0" frameborder="0" allowfullscreen >< img design =" float: left; margin:0 5px 5px 0;" src =" http://taxdr.org/wp-content/uploads/2021/09/n1tuvx.jpg "/ > Locate out whether you need to be day trading in a TFSA or an RRSP and which investment account is ideal for you! We will certainly examine this subject from a lawful and also sensible viewpoint, weeding out fact from fiction. Please remember to such as and also subscribe so I can remain to make top quality web content for your enjoyment! View the "Leading 5 Tax Myths" video for more history: https://youtu.be/f5caV1_wIsM View subsection 146.2( 6) of the Income Tax Act (Canada): https://bit.ly/3czXBJb View subparagraph 146( 4 )( b)( ii) of the Earnings Tax Act (Canada): https://bit.ly/39KYNry Keep in mind: This video thinks that all investments dealt with are "qualified financial investments". If you day profession with non-" qualified financial investments" in your RRSP, it is most likely your RRSP will certainly be strained on the income likewise as exactly how it would certainly remain in a TFSA. View the referenced TCC decision, Prochuk v R (2014 ): https://canlii.ca/t/g2qvg Note: This decision is from a reduced court and also is not binding regarding the RRSP problem. Nonetheless, it is on-side with present CRA's sights and also subparagraph 146( 4 )( b)( ii), the latter of which efficiently exempts day trading in an RRSP to the degree it is done with "certified investments". #TFSA #RRSP #daytrading #investing --. PLEASE NOTE: All video clips on my channel (including this) as well as all of my comments, sources, as well as various other material are planned only for instructional as well as enjoyment functions. Nothing had in my video clips, remarks, sources, or other web content must be interpreted as a type of referral or guidance relative to the topic( s) gone over or included therein. I make no representations or guarantees as to the web content or details therein consisting of, without limiting the abstract principle of the foregoing, the precision or completeness of the details provided. I am exempt, whatsoever, for any type of decision you make by relying, in entire or partially, on my videos, remarks, sources, or other web content. I highly motivate everyone who watches my videos, comments, sources, or other web content to learn the legislation or discipline, probably, on their own and also seek out lawful or other expert recommendations prior to making any such choice. ** By seeing this video, you agree to the foregoing in its entirety and release me from any type of and also all liability arising out of you viewing any one of my video clips, comments, resources, or other content. **. --. * Info current as of the day uploaded *