u/Intrepid-Insect-902 — reddlx

Just moved to Canada, need tax advice for investing

Hi everyone, my brother recently moved to Canada and is starting to invest in Canadian stocks. He’s a bit confused about how taxes work here and I was hoping to get some guidance from people who have experience.
How are capital gains and dividends taxed for new residents?
Are there any differences if the investments are held in a Canadian brokerage versus foreign accounts?
What’s the best way to use TFSA or RRSP for someone just arriving in Canada?
Any common mistakes new investors make regarding taxes?
Should I use Webull or Quarterly?
We just want to make sure he stays compliant and doesn’t overpay. Any advice, personal experiences, or resources would be really appreciated!

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u/Intrepid-Insect-902 — 1 day ago

▲ 91 r/NBIS_Stock+3 crossposts

Just had to share this one because it’s too wild not to. Bought 200 QCOM $180 calls at $0.35 and sold them at $8.30. Ended up pocketing about $159,000.

Honestly, I don’t even know how to feel ..part of me is thrilled, part of me is like “did I just get insanely lucky?” Either way, this trade made my day. Definitely a YOLOlevel move, but sometimes you hit big and you just gotta enjoy it.I also told a friend

Not financial advice, just flexing a little. WSB, roast me, cheer me, or just enjoy the chaos.

u/Intrepid-Insect-902 — 10 days ago

▲ 9 r/MU_Stock

Hey everyone, I made a few trades on MU today and took some screenshots to share and celebrate. I sold a total of 3,000 shares across different exchanges at $509.92 each. Every trade had a decent profit or loss. The whole process was based entirely on my own observations and system calculations, no speculation involved.

MU has been really hot lately. Institutions see AI demand driving long-term memory growth. Analysts have been raising target prices, and fundamentals like high-bandwidth memory capacity limits and better-than-expected earnings support this view. Of course, short-term price dips reflect market sentiment, but the fundamentals still back the long-term trend. It even showed up on my SA stock screener, and I also let my friends know so they could buy.

I think MU’s current volatility creates short-term opportunities. If you’re watching, keep an eye on volume and market sentiment. I’m just sharing my observations and experience, not giving any investment advice.

Today’s trades reminded me that spreading out sales and strictly following a plan really helps reduce risk. Anyone else had similar experiences? I’d love to hear your thoughts.

u/Intrepid-Insect-902 — 23 days ago

▲ 312 r/wallstreetbets

I loaded up on puts (MU, NVDA, SNDK) thinking semis were about to roll over. Felt pretty confident about it too… turns out the market had other plans.

Ended the day down about $193k (-10.5%), with another ~$119k unrealized loss just sitting there. Didn’t even close anything because I kept thinking it would reverse. It didn’t.

Looking back, it’s pretty obvious — I went too heavy on one-sided bets and completely underestimated the momentum. Just classic “I know better than the market” mindset, which clearly didn’t work out.

Now I’m just sitting here questioning my decisions and wondering why I didn’t manage risk better.

Curious how everyone else is doing are you guys making money in this market or getting hit like this too?

u/Intrepid-Insect-902 — 28 days ago