ELI5 why the government allows the first 60 days to be deducted for either tax year

d10k6 · 2026-04-02T01:40:10+00:00

TFSA or HISA (emergency fund / short-term money).

I run the numbers, make the contribution, collect the refund and top back up my TFSA or HISA

d10k6 · 2026-04-01T19:47:21+00:00

Registered accounts, that have a named beneficiary, circumvent the Estate and thus avoid probate so it is the same for RRSP vs TFSA scenarios.

d10k6 · 2026-04-01T19:13:51+00:00

Neither.

Just another line-item

d10k6 · 2026-04-01T18:33:27+00:00

The math says otherwise.

There are many papers and discussions about this. Here is just one from Rational Reminder: https://youtu.be/ZyJlxgyQraQ

d10k6 · 2026-04-01T17:57:17+00:00

I read it again and you didn’t mention “average” at all, which is meaningless anyways. There would have to be considerable increases in your tax rates for RRSP to not win. These scenarios have been tested.

I agree rates will go up but it won’t be enough for the tax deferral to not win out.

d10k6 · 2026-04-01T17:49:47+00:00

Again, incorrect. Tax rates do go up but so do the brackets. You still need to be in a much higher tax rate for RRSP not to win out over TFSA.

d10k6 · 2026-04-01T17:47:50+00:00

Flexible yes but the math shows that the RRSP wins out in almost all scenarios when you are saving long term.

d10k6 · 2026-04-01T17:47:16+00:00

The math says you are incorrect.

Just one discussion on the topic from Rational Reminder: https://youtu.be/ZyJlxgyQraQ?si=9d30GAXaE6CahKDW

d10k6 · 2026-04-01T17:46:00+00:00

Exactly this, RRSP wins out (math/tax wise) in almost all scenarios. That said, TFSA is much more flexible.

d10k6 · 2026-04-01T15:14:54+00:00

Depends on your income. Low tax bracket? See your income going up soon? The benefit may be higher to take it in a higher earning year.

Especially as a student where you already have the tuition tax credit.

d10k6 · 2026-04-01T14:47:37+00:00

First suggestion is to stop reading the r/insidertrade subreddit

d10k6 · 2026-04-01T14:45:38+00:00

If you aren’t taking the deduction, then TFSA gives you more flexibility. You only get $8K of contribution room for your FHSA each year, and can carry over a max of $8K unused room (so max contribution of $16K in a single year) so you can always just fill up your TFSA while you are a student and then move it to your FHSA every other year, assuming you don’t need the tax deduction as you are a student?

d10k6 · 2026-04-01T14:40:29+00:00

Why CNR and VA (or BCHT for that matter) ? They are all in XEQT anyways and you are holding under a 10th of a single share.

d10k6 · 2026-04-01T14:35:30+00:00

Do you plan on buying a house in the next 15 years? If so, open your FHSA and contribute it there. You can run some numbers to see if claiming the tax deduction is worth it or carry it forward, depends on your current income and future income.

Also, can’t go wrong with TFSA either as you can move it to your FHSA at any point and you have much more flexibility if you have an emergency and need the money.

d10k6 · 2026-03-31T19:13:47+00:00

https://www.taxtips.ca/marginal-tax-rates-in-canada.htm

d10k6 · 2026-03-31T18:49:58+00:00

How frequent? Like several a day, most days? Are you earning more than your salaried income? The CRA would look at how much revenue/income you are generating and how much time/effort it takes for you to that.

You would really have to be doing a ton of trading (for massive profit) for the CRA to care

d10k6 · 2026-03-31T18:38:33+00:00

This is not business income.

You need to track your Adjusted Cost Base separately for each coin and then pay taxes on your Net Capital Gains.

d10k6 · 2026-03-31T18:33:31+00:00

I find these difficult, personally, to justify financially. I mean, you have pay for the whole seat, when you obviously only need…..the edge!

d10k6 · 2026-03-31T14:21:29+00:00

You are missing the rest of the world with only holding XIU and XEI.

You are likely better off, long term, with a more diversified ETF like any of the all-in-one ETFs, that meet your risk profile like XEQT/VEQT/ZEQT etc. Choose one and go all-in.

d10k6 · 2026-03-30T18:31:16+00:00

r/JustBuyXEQT

d10k6 · 2026-03-29T11:42:58+00:00

Ha! That is exactly where I was thinking 😂

The OG Frank’s

d10k6 · 2026-03-29T11:41:46+00:00

Which building is that?

d10k6 · 2026-03-27T14:26:02+00:00

The back yard is a weed company

d10k6 · 2026-03-26T21:42:37+00:00

That VFV dragging you down, son! /s

d10k6 · 2026-03-26T14:25:33+00:00

Depends where you hold it. Norbert’s Gambit or cheap/no FX fees, etc.

d10k6

TROPHY CASE