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New Member
posted Apr 13, 2021 9:35:03 PM

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

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1 Best answer
Level 5
Apr 16, 2021 11:15:49 AM

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.

2 Replies
Returning Member
Apr 15, 2021 12:44:50 PM

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

Level 5
Apr 16, 2021 11:15:49 AM

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.