r/tfsa

▲ 0 r/tfsa

TFSA Contribution Rules

Recently I got into my dream high paying career but for the years before I never had enough money left over to invest so I'm sorry if this is a silly question to ask here. I'm currently maxing out my FHSA, and I'm lucky enough to be able to max out my TFSA inside of two years.

My question is how much per year am I able to contribute to my TFSA? Can I just dump large sums until I hit my contribution limit? I invest on Wealthsimple and it says something about a yearly limit of $7000 but I remember a few of my friends saying they put tens of thousands into theirs per year.

Thanks in advance.

Edit: Thank you all for the quick responses.

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u/BingkBongk — 5 hours ago
▲ 5 r/tfsa

23M, suggestions?

Pretty big on AI, NVIDIA made me like 3k so I took the gains out and dispersed them. I know it’s a pretty basic portfolio which is why I’m asking. Want to be more aggressive in stocks and take more risks while I’m younger. Thanks chat.

u/ImaToughGuyyy — 11 hours ago
▲ 0 r/tfsa+1 crossposts

19M international student in Canada. Just started investing— looking for advice and trying to learn

Hello everyone,

I’m a 19 year old international student in Canada and recently started investing through my TFSA. I’m still very new to personal finance and investing, so I’m trying to learn as much as I can.

Right now my portfolio is mainly XEQT, with smaller positions in HIVE and HHIS. My goal is long term wealth building rather than trying to get rich quickly, but I also like learning about individual stocks.

I’d really appreciate any honest feedback:

  1. Is my portfolio too risky?
  2. Should I just keep buying XEQT?
  3. What mistakes do beginners usually make that I should avoid?
  4. Any books, YouTube channels, or resources you’d recommend?

I’m here to learn, so feel free to be critical. Thanks in advance

▲ 4 r/tfsa

Which ones should i sell

Okk soo before all of you harshly judge me, hear me out first. I started this portfolio like 6 months ago to put any left over money that i had , and i went in blindly with barely any reasearch and knowledge( I KNOW BAD IDEAA.But in a way, i learned alot more things). And even though it might look like im loosing money, im actually not and im up 15% overall. But despite this, i feel that my portfolio IS WAYYYYY TO DIVERSE and now im wondering which stocks should i sell? Idk whether to hold some of them because i always think “even thought this stock is down, what if it goes up in the future”

u/imaperson0912 — 1 day ago
▲ 4 r/tfsa+1 crossposts

23M, Start my recurrent investment for two weeks

Any suggestions to make my portfolio better ?👀

Position instructions: VFV and XEQT serve as the ballast of the portfolio for risk diversification. SPMO uses a momentum-tracking strategy to outperform QQC. The remaining smaller positions—QLD, TQQQ, and SOXL—are meant to chase explosive upside in a tech bull market. QLD and TQQQ were chosen separately as the leveraged positions to soften the severity of drawdowns. SOXL concentrates on the currently hottest semiconductor/AI infrastructure sector (and may later be swapped for other ETFs depending on market performance).

u/Dean-803 — 1 day ago
▲ 0 r/tfsa

TFSA limit

I keep seeing posts of people dumping 25k or 50k into a TFSA at a time is there a strategy to avoid taxes if you invest passed the 7k a years limit or are these guys just tanking the taxes, I just figured a lot of them didn’t max out there accounts for years and allowed them to buy lots at a time because I know your previous years TFSA room carry’s over.

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u/Suoertrader — 3 days ago
▲ 0 r/tfsa

My mistake

When I first invested 2000$ I bought xeqt in October. After I said it take to long to get gain. After I bought 4 shares, wdc and sndk 3 share, and it crashed 30 percent in December. I bought Qimc hydrogen and it crashed 25 percent and sold. After I withdraw from that the tfsa amount.

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u/piketabak — 2 days ago
▲ 0 r/tfsa

Almost at my 100k mark. 32F. Anything you’d recommend to dump or to add?

Most of my money was in VEQT, until earlier this year.

But bought gold when it was too high and didn’t pull out of CNQ early enough before the dip

I don’t mind moving some things around. Anything to suggest please?

u/Kafkaisnotsoshore — 3 days ago
▲ 42 r/tfsa+1 crossposts

Should I sell?

I’m not exactly sure what it’ll mean for arc now that shell will take over but is it a good idea to sell? Thoughts?

u/Ashamed-Molasses7729 — 3 days ago
▲ 5 r/tfsa+1 crossposts

What should I invest in?

I’m 18M, time horizon: 5-10 years.

I was looking to invest into XEQT, META, MSFT, GOOG, as these seem to be on sale.

Maybe a bit of Plantir

Do y’all have any stock picks or thoughts?

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u/Forward_Letter_594 — 4 days ago
▲ 2 r/tfsa

Where to start?

Hey guys, I’m new to all this trading deal, I want to start but I’m just lost to where I should start on, the apps, the trades, I’m from canada idk if that changes anything, but any information would help! Thanks

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u/victordavila — 3 days ago
▲ 5 r/tfsa+3 crossposts

22M looking for advice

Currently looking for advice. I have all my money invested with an investment Firm around 50k. I just deposit 500 monthly and they take care of the rest. I’ve done bigger deposits when I’ve had the money. But Not really sure if I should be starting to invest on my own to avoid their fees. I know the basics of investing and I know the importance of it. I’m just not sure what is best because this is all is all I’ve known and not sure how much knowledge I should have to be doing my own thing.

Any advice would help.

Thanks!

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u/armylax6 — 4 days ago
▲ 6 r/tfsa

Thoughts on my Portfolio 18M

Picture 1&2 is my TFSA picture 3 is FHSA

Any concerns? Advice? Thoughts?
I’m looking to invest for the long term. High growth not much dividend I feel I missed out on AI

Looking into Quant and nucler

Meta to 1000$?

THANKS IN ADVANCE

u/Forward_Letter_594 — 5 days ago
▲ 149 r/tfsa+1 crossposts

25 year old Male TFSA Portfolio

Hi Guys I’m a 25 years and I have been investing into my TFSA not consistent as I would hope to be but I’ll get there, so here is my current portfolio, I’d like to know what is wrong here and look I’m open to any criticism Thank you :)

u/Setshaba_Gm — 6 days ago