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thr23
New Member

Do I need a specific TFSA account to have tax-free investment income from trading stocks?

 
1 Best answer

Accepted Solutions
Assistant
Level 4

Do I need a specific TFSA account to have tax-free investment income from trading stocks?

Yes, you would have to open a TFSA account at a brokerage that deals with trading stocks.

You can also set up a TFSA account at any bank or with any investor that deals in stocks or mutual funds.

 

For more information please follow the following link: Tax-Free Savings Accounts (TFSAs) in Canada

 

Thank you for using TurboTax.

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2 Replies
hsuray1986
Returning Member

Do I need a specific TFSA account to have tax-free investment income from trading stocks?

yes, you will need to register TFSA account from your bank or trading platform.

Assistant
Level 4

Do I need a specific TFSA account to have tax-free investment income from trading stocks?

Yes, you would have to open a TFSA account at a brokerage that deals with trading stocks.

You can also set up a TFSA account at any bank or with any investor that deals in stocks or mutual funds.

 

For more information please follow the following link: Tax-Free Savings Accounts (TFSAs) in Canada

 

Thank you for using TurboTax.

View solution in original post

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