Greetings mages.
I’m just starting out in my TFSA journey and I needed some clarity on something I’m not sure about.
Consider Exhibit A: (the screenshot above)
Am I supposed to invest based on that 12 month yield?
Like, if it’s a safe ETF such as this one, would that be the deciding factor?
I’m trying to decide which of the Vs to invest in.
Advice will be very appreciated, thank you!
The tax-free savings account (TFSA) is a no-brainer for millions of Canadians looking to save money. The rules are seemingly straightforward: You make after-tax contributions annually within your contribution limit, the funds are invested tax-free, potentially forever, and if you withdraw them, or you die, they also come out tax-free. What can possibly go wrong? Apparently, for some taxpayers, quite a bit.
Hey everyone,
I’m embarrassed to admit this but i significantly over contributed to my TFSA in 2025. I made a huge error, mostly due to my own ignorance and negligence as I should have contacted someone about my transactions.
In short, I maxed out my TFSA in 2025 with my bank (TD). I then withdrew said amount into my chequing account and then deposited the amount into my wealthsimple TFSA. It sat in wealthsimple for roughly 9 months and I was notified in 2026 during my yearly bank check with a financial advisor that I made a grave error. The money has since been withdrawn but I believe it is little too late as I took it out in 2026.
I have yet to be notified by CRA for any penalties I likely have incurred (my guess is around 9k)
I am deeply embarrassed by this transaction and I posted this in hopes that someone can tell me what I am inevitably going to endure and hoping someone can give me some advice or be nice to me lol I know Reddit isn’t the best place to look for help but I have searched other posts and most people have been decent and helpful to other posts.
If someone can give me guidance or something it would be greatly appreciated
I have come here for two simple reasons: first, to share the knowledge I have gained, and second, to connect with like minded individuals. When many people see my performance figures, they often fall prey to an entirely understandable misconception namely, that my success is merely a matter of luck. They imagine that I achieved overnight fame, that I amassed my wealth through some high risk, "all or nothing" gamble, or that I succeeded solely by relying on insider information. The reality, however, is quite different: everything I have achieved stems from a pivotal breakthrough I experienced during my trading career.
Today, my primary focus centers on several key areas: my foremost objective is to align with the prevailing trend (specifically by closely monitoring EMA levels and overall market direction); secondly, I prioritize confirming momentum (utilizing a combination of RSI and volume analysis to validate trading signals); third, I consistently prioritize risk management over potential returns; fourth, I adhere to using smaller position sizes until specific trading patterns have been sufficiently validated by the market; and finally, I strictly abide by my predetermined exit rules, never allowing emotions to dictate my decisions.
Furthermore, I pay particular attention to the stability of cross cycle trends for instance, how a specific stock performs relative to its 5-day, 13-day, 34-day, and 55-day moving averages while also keeping a close watch on changes in trading volume and liquidity. I assess the quality of a trend by analyzing the structure of its moving averages, the robustness of the stock's price trajectory, and the interplay between price and volume; concurrently, I strive to identify trading opportunities that allow me to ride the trend and generate consistent returns across multiple timeframes.
This constitutes merely a small fraction of my complete trading system; yet, it is precisely because I consistently adhere to these principles that I am able to filter out random price fluctuations and concentrate my energy on high quality stocks specifically those premium assets that are either in the "coiling" phase, poised to make a move, or already "geared up for takeoff."
No single strategy can guarantee profits every single day. Even to this day, I still encounter occasional losses. However, the most critical difference today is this: my losses are strictly contained within a controllable range, while the returns generated by my profitable trades are significantly more substantial. Most importantly, I consistently adhere to a trading style characterized by clear logic and strict discipline. Each week, I share my personal watchlist, my analysis and assessment of the market, and relevant risk considerations. All of this content is provided completely free of charge; I do not offer specific trading signals or paid trading tools, nor do I provide any form of guarantee regarding investment returns. I hope you find this information helpful.
Currently, I am in the process of compiling all the materials I have gathered a comprehensive collection spanning my entire investment journey, from the moment I first entered the market right up to the present day. If you are interested in this and believe these resources might be of value to you, please feel free to reach out to me at any time; I will share everything I know without reservation.
I'm doing an equity pull with a refinance on my mortgage to clear up debt and use the rest for needed renovations. I was thinking of parking about $70K in a TFSA, as I've never used one and have $109K of allowed room. I may not need access to all of at once. If I put $50K of that $70K in an investment, inside the TFSA, for a year or so, any growth off that would just get redistributed back into the TFSA balance, right? If I do need access to the remaining, invested $50K, I could just sell part of the investment shares,correct? Is this a "good" strategy for money I may not need for another year? How "easy" is it to sell shares inside that TFSA, when I need to access it?
Doing my OSAP application and it asks for All foreign income and Canadian non-taxable income received in 2025 which includes:
interest, dividends or capital gains from tax-free savings accounts (TFSA) regardless of the original source of the income
Anyone know how to actually calculate it and what you’re supposed to submit to OSAP? I have spend so much time looking online for answers and my university is of no help.
Every week, I share my watchlist, market observations, and risk analysis. All content is completely free of charge; I do not provide trading signals, promote paid tools, or offer any guarantees of profit.
I have compiled these materials into a dedicated folder, which I have pinned to the top of my stock discussion group. If you are interested in this analytical approach, please feel free to leave a comment or send me a private message I would be happy to share my insights with you.