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TFIA

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Super Contributor
Can someone help? If I held stxres in this TFIA account and sold it, but left the proceeds in the TFIA account, do I still get the tax-free benefits (on the interest now)of that account and can I buy another TFIA instrument again with that money?
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10 REPLIES 10
Frequent Contributor
Yes to all . As long as the money stays in the TFIA you can trade as you wish.
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Valued Contributor
as long as the money is not withdrawn it has no impact on the limits .. this includes sales within tax-free account
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gerry2
Occasional Contributor
This seems to imply that these TFSA accounts can also be trading accounts provided you trade the allowed ETFs ?
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Frequent Contributor
Correct.
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Highlighted
Super Contributor
and currently your broking commission is lower.
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Super Contributor
Thanks guys.
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Super Contributor
You can do what you like within that account, but withdraw R1 and the account benefits goes belly up.
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Super Contributor
You would have R1 less in the account, hardly a belly up scenario!
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Super Contributor
No. You withdraw money from that fund, and you start paying tax. No more tax free. Belly up.
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Super Contributor
Only on the R1 you withdraw - not on what remains in the fund.
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