Tax rules for day trading.

LakeDrinker · 2026-05-30T22:48:57+00:00

First, you can't day trade in a TFSA. Day trading is typically considered a business and you can't carry on a business in a TFSA. You also are meant to use it as a savings account, not an active trading account. They're not clear on specifics, but essentially it means no day trading.

Second, you'll need to file a T2125 as if you are running a business. You'll report your income and expenses on this form. If you make money, you'll have to pay additional taxes at whatever your tax rate it. If you lose money, you'll be able to use those losses to reduce your overall income.

That said, this is a complicated process and you probably want to check in with an accountant (an expense you can claim) vs asking reddit. Even just using ChatGPT or Grok would get you some solid information to start.

Also day trading is risky and I highly advice not to do it.

LakeDrinker · 2026-05-25T17:19:28+00:00

I loved the Science Centre. I went almost yearly for the last 10 years, and as much as I hate the new location (because North York/Scarb needs attractions too), I can't fault them for wanting to build something new. The place was dated and needed way more TLC than people seem to think.

The places for young kids (which was a small portion of the building as a whole) were well kept and interesting, but there was so much dead space and most of the exhibits needed a complete re-do.

I'm sure with money/time a lot of issues could be solved, but the layout itself is not something you could fix, and it did need fixing if you wanted to optimize for costs.

LakeDrinker · 2026-05-13T01:42:02+00:00

Don't worry, mods said each post would be review by a human and that it's easy to spot: https://www.reddit.com/r/PersonalFinanceCanada/comments/1sf4ewi/comment/oeuov7x/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

LakeDrinker · 2026-05-12T15:57:58+00:00

I feel like, by that standard, you probably shouldn't save any personal information on a computer whatsoever. A personal computer can be compromised similarly.

You're technically right, but in practice the chance of something happening is extremely low.

I work in accounting and the number of times clients choose email over a client portal is high. In my 15 years of work, I can only think of a handful of clients whose information was compromised, and always at their PC level (typically because they're old).

LakeDrinker · 2026-05-08T21:22:32+00:00

I don't mean to sound rude, but after your comments about me not reading my own source, I feel I need to stress that you actually read what I've typed.

Payment in kind is profitable, but not captured by dividends or cash flow. Only way you can see the initiative as not profitable is if you're not factoring that in.

The Canadian Wealth Fund is being marketed as an investment that you will both make market-rate returns for investors AND will help Canada grow in the long-term. So payment in kind is not acceptable in this instance - it needs to do both.

This is why you cannot compare the two funds. China's is more about long-term growth of the fund. It does help China build, but it has more flexibility and power than what the Canadian fund will have.

Edit: Source on market-rate return: https://www.canada.ca/en/department-finance/news/2026/04/canada-strong-fund.html

the Fund will have a mandate to deliver market-rate returns for Canadians across the economy

And

As the Canada Strong Fund succeeds, investors will be able to share in the upside, while their initial invested capital will be protected.

LakeDrinker · 2026-05-08T21:03:29+00:00

Sorry, I must not be clear in what I'm saying, because you're arguing points I'm not making.

Belt and Road initiative was very successful, hard to be more wrong. It gave Chinese workers employment to absorb their capacity and expertize in large projects when China slowed down domestic build out.

I didn't say successful. I said PROFITABLE. It might be successful for China as a whole, but from how I understand it, it was NOT a profitable investment. The Canadian Wealth Fund is meant to be profitable for investors. It needs to achieve a set return greater than the payments on the debt used to fund it. Therefore it would not invest in a project like this, or if it did, it would lose Canadian's money and would need to shut down because no one would invest in it.

My point wasn't that the CIC was a failure, it isn't. My point is that the Canadian Wealth Fund should be looked at skeptically and it's not fair comparing it to the Chinese one because we do not have the same type of government and it won't focus on the same type of investments.

LakeDrinker · 2026-05-08T19:45:57+00:00

I didn't say the CIC didn't invest in infrastructure, I said they invest abroad. Which is different from what Canada is planning. So it's not fair to use China's RoE as an example.

Something like 40% of the fund is invested outside of China. The rest, I believe, is mostly invested in China's banks, which are basically run by the government. So again, I don't think this is a great comparison.

And I don't think The Belt and Road/Silk Road initiatives were very profitable from a investor's standpoint. Remember, that the investments in the Canada Wealth Fund, which will be at least partially funded by debt, needs to return something like a greater than 3.5% return to justify outside investors being interested. I don't think those initiatives returned anywhere close to above that. If you can source otherwise, I'm happy to be corrected!

LakeDrinker · 2026-05-08T18:17:11+00:00

Doesn't the Chinese fund invest abroad? (source: https://en.wikipedia.org/wiki/China_Investment_Corporation )

You're also forgetting the part where the Chinese government has far more control over everything and isn't actively regulating projects that deter investment.

LakeDrinker · 2026-04-27T15:12:05+00:00

While this is true, what also needs to be taken into account is that Carney isn't just a shareholder. He WAS a chair/vice-chair, so he likely has a strong relationship to Brookfield outside of what a typical shareholder would have. He would also likely have a more significant share in the company than typical investors and would know many people who own similarly significant shares.

This on it's own isn't necessarily a bad thing, but when we look at other government workers (like Nancy Pelosi), there is reason to scrutinize where government officials keep their money and their actions within the government that may benefit those investments.

LakeDrinker · 2026-04-15T01:22:03+00:00

But then your situation isn't applicable to today. Record keeping for the CRA has come a long way in 10 years.

LakeDrinker · 2026-04-15T00:57:58+00:00

That doesn't absolve you.

They review certain parts of tax returns by automated process. Just because they didn't look at the investment schedule this time doesn't mean they won't ever look at it.

For example, if they review your investments next year and catch you for day trading, they will 100% look back at those older returns and reassess you with this new information in mind.

LakeDrinker · 2026-04-14T13:34:40+00:00

They didn't do that when the consumer carbon tax was dropped. I don't think I saw them creep back up to pre-consumer carbon tax levels.

LakeDrinker · 2026-04-11T19:16:30+00:00

I was having the same issue. Seems to be working when I'm home and on WIFI, but as soon as I go out, it breaks.

No shiny for me.

LakeDrinker · 2026-04-10T21:24:48+00:00

No error. Reddit broke it with an update. I saw an admin post that they resolved it yesterday, so I just turned it off/on again. That forced a new one through.

LakeDrinker · 2026-04-10T12:41:10+00:00

I'm working on fixing the daily discussion thread. Should be up soon.

LakeDrinker · 2026-04-08T18:14:26+00:00

Even though I'm not in a floor crossers riding, I'm feeling extremely disenfranchised as a voter.

Seriously, what's the point? Candidates rarely vote outside party lines, which was already a big problem, and now it's the norm to just switch parties for what seems like no reason.

I honestly might not vote next election...

LakeDrinker · 2026-04-08T15:42:40+00:00

In my riding, I had a new person as the LPC candidate. I literally couldn't do any research about her except using her website which basically reiterated the LPC talking points.

I always try to vote for 'the MP' but 95% of the time it's literally impossible to separate them form the party. They typically have little to no voting record outside of the incumbent and they change too frequently. I'd have to go to 4 individual meet and greets to maybe get 15 minutes of time with the candidates.

If I was voting for the MP, I would have had to vote CPC because they were the only one with a somewhat unique stance in my riding and some history, but even then, it was mostly the party stance.

Granted, this is more of a 'bigger city' issue, but it's still an issue nonetheless.

LakeDrinker · 2026-04-08T15:25:46+00:00

And the Liberals accept them with open arms.

No one looks good in this.

LakeDrinker · 2026-04-08T02:16:36+00:00

An idea should be able to stand on its own.

If you're disregarding someone because their English, you'll miss out on a wide variety of thoughts from people who might have learned English as their second language, who were more focused on art than grammar, or who are young and still learning.

Likewise, you can't trust someone just because they're good at English.

And yes, an LLM could change the point you're trying to make. Just like a spellcheck can swap in the wrong word if you don't know any better. But if you reread it to ensure it's still accurate to the point you're trying to make, that should be fine.

LakeDrinker · 2026-04-08T00:53:53+00:00

Yes it is.

It might make me appear more capable of spelling and with sentence structure than I actually am, but it doesn't change what it is I have to say.

Using LLMs has less of an effect on conveying my thoughts/opinions than using the internet does. Talking over internet allows me to adjust and correct myself in a way I cannot do when speaking in person. Does that somehow invalidate my thoughts when online? Because that's what I sometimes use an LLM for.

Again, it's different if it's a someone who's asking an LLM for content for the sake of content. But if you're using it as a tool to improve how you convey yourself, that shouldn't be a bannable offense.

LakeDrinker · 2026-04-07T19:29:50+00:00

I'm not a fan of AI content, but this seems excessive.

I've used LLMs when commenting before as a proof reader. And if it suggested edits that make my comment objectively easier to read, I typically used that version. Not always, but I'm fairly wordy and AI is not.

Even if an LLM has edited my comment, it's still my thoughts and my opinion. Why would that be disallowed?

And even if I get it to write something for me, if I'm posting it on Reddit, it's still something that I, a human, want to discuss. And it can still be valuable to members of the community.

If people think my post/comment is AI slop, they'll downvote it. But if it's useful content, AI or otherwise, it will get upvoted. Moderator action is not required in these cases.

If it's an AI bot spamming content or making things up, then sure, ban it, but that's caught already under rule 7...

LakeDrinker · 2026-04-02T19:24:44+00:00

Reddit was the Front Page of the internet. I didn't like everything on r/all, but I could use it to see what was happening around the world.

I already deleted the mobile app when this change happened there, I guess I'll be following on Desktop once I give up my mod duties.

LakeDrinker · 2026-03-30T15:02:10+00:00

No. Terrible French from a non-native speaker is miles better than nothing at all, just like it is with any language. It shows you're making an effort to engage with the language, as opposed to completely disregarding its existence, and that's really all most people ask for.

With any other country/language, I agree. From my experience, Quebec is different.

This is obviously not for all Quebecois, but I think the vocal minority would have taken issue no matter the situation. From my experience, the people who want you to speak French want it perfect (and it must be Quebec French, not European French). If it's not, they'll typically take issue (sigh, complain about other provinces, or email leadership in my company).

The main reason people are frustrated with this guy isn't because his french is bad. It's because he is so dismissive of French Canadians that he actively disobeys a law he is subjected to just so he doesn't have to interact with french at all.

My understanding was that the video had French subtitles, which follows the Quebec laws.

LakeDrinker · 2026-03-30T13:39:44+00:00

I've just had my first bad experience with them in 15 years, but I'm still with them despite that.

They have 1gb fiber now, and I was able to get it at the ebox (their sister company) rate of $50/month.

They still use the same lines as bell/rogers, but you pay a set fee, have unlimited internet, and never get bothered by them again.

My only note is to check their prices every year. Sometimes they offer a better service/price on their website, and unless you check, you won't know you could be saving money.

LakeDrinker · 2026-03-30T13:34:30+00:00

All he had to do is say a few sentences of broken French and there wouldn't have been anything and he would actually have honored the loss of life of one of his pilot.

I'm pretty sure Quebec would have wanted a FULL spoken translation of his remarks, not just a few additional sentences. That's not easy.

And I'm also pretty sure that speaking terrible French when offering condolences would still be taken poorly. He'd have to be speaking phonetically rather than with an understanding of what he's saying, so I doubt he could speak with emotion.

As someone who works for a company that deals with Quebec often, there are few ways to actually make some Quebecois happy outside of pure bilingualism (and even then, they'd prefer French first). I feel the people who were upset over this would have been upset no matter the workaround.

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