TFSA MISTAKES in Canada to AVOID! // Tax Free Investing Strategy // Canadian Tax Guide Chapter 9

What are the Most Common Mistakes with the TFSA? Am I using the TFSA Correctly? How does the TFSA work? Is the TFSA Really Tax Free? How can Canadians get the most out of their TFSA? Should I Day Trade or invest in Crypto in a TFSA? I'll be breaking down all of the Biggest TFSA Mistakes to AVOID in Canada! The TFSA is one of the most powerful investing tools but most Canadians are not using it correctly and these mistakes can be costing you thousands of dollars in the long run! The TFSA rules can be confusing and misleading so I'll show you how to avoid these mistakes and how to get the most out of your tax-sheltered growth! TFSA Explained - Watch this FIRST! 👇    • TFSA Explained | Investing Tax Free | Cana...   QUESTRADE REFERRAL 🇨🇦 Use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!👇 https://www.questrade.com/affiliate-o... You can also manually enter my offer code: CANADIANTSHIRT Best SAVINGS ACCOUNT in 2025 - EQ BANK 🏦 Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/... BLOSSOM SOCIAL 🌸🇨🇦 Follow me on Blossom to see my Portfolio & Trades for FREE 👇 https://getblossom.onelink.me/SOfu/ad... WEALTHSIMPLE TRADE REFERRAL 💰 If you'd like to sign up for WealthSimple Trade, use my referral link below to get a $50 signup bonus in cash when you open an account and trade at least $150 👇 https://wealthsimple.com/invite/P0A-UQ LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇    / canadianinatshirt   Thank you guys for supporting my channel, you’re the best! 🙏 Check out my Canadian Tax Guide for More Tax Saving Strategies! 🇨🇦    • Canadian TAX Guide   SKIP AHEAD ⏩ -Intro: 0:00 -TFSA Basics: 0:56 -Wasting TFSA on Savings: 1:40 -Contribution Room: 3:56 -Max TFSA Limit Table: 4:56 -New Canadians - Not Citizen / PR: 5:24 -Contribution Rules: 5:58 -Do NOT Rely on CRA Room: 6:29 -Exceed Limit Penalty: 7:23 -Withdraw + Re-Contribute: 7:47 -Withdrawal Tip: 8:57 -Gains Do NOT Affect TFSA Room: 9:19 -Move From Bank to Broker: 10:16 -Max Out TFSA: 11:34 -Avoid Risky Stocks in TFSA: 12:33 -Selling at Loss: 13:54 -US Dividends: 15:02 -Day Trading in TFSA: 16:39 -Summary: 17:43 WATCH NEXT ▶️ -How to Buy Stocks on Questrade -    • How to Buy Stocks? QUESTRADE Tutorial | On...   -How Taxes Work in Canada -    • HOW TAXES WORK IN CANADA | REDUCE YOUR TAX...   -Best Canadian Dividend Stocks -    • Best CANADIAN DIVIDEND Stocks // Hold for ...   -What is a DRIP? Compounding Dividends -    • What is a DRIP? Investing with Compounding...   -Best Canadian Dividend ETFs -    • BEST CANADIAN ETFs FOR DIVIDENDS | TFSA Pa...   -RRSP Explained Part 1 -    • RRSP Explained Part 1 | Tax Deductions & C...   -How to Build Wealth -    • How to BUILD WEALTH in CANADA // 4 Steps t...   -Norbert’s Gambit - Exchange Currency for Free -    • Norbert's Gambit with QUESTRADE Tutorial |...   Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =) FOLLOW ME HERE: 👋 FACEBOOK:   / canadiantshirt   INSTAGRAM:   / canadiantshirt   TWITTER:   / canadianshirt   FINANCIAL EDUCATION BOOKS 📚 -How to Adult Money Canada Version - https://amzn.to/2F717ZT -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Millionaire Next Door - https://amzn.to/35ap253 -Intelligent Investor - https://amzn.to/3qoI5nV CAMERA GEAR 📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -Tripod - https://amzn.to/2Qf2Lid -Microphone - https://amzn.to/3aRdXMN DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links. I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #CanadianTaxes #TFSA #TFSAInvesting #TaxFreeInvesting #CanadianTaxGuide #CRA #CanadianFinance #CanadianInvesting