NVDA
NVIDIA
-- 133.230 TSLA
Tesla
-- 403.310 AMD
Advanced Micro Devices
-- 117.320 RGTI
Rigetti Computing
-- 6.0500 DJT
Trump Media & Technology
-- 42.910 Get those sweet tax-free gains, whatever amount you can contribute!🎯
Hi yall, now that January is closer, we can contribute more to our TFSA. The annual contribution limit for 2025 is $7,000, confirmed by the CRA. With a new contribution room available, where will you be investing your money?
My TFSA journey began a couple of years ago, thanks to a chat with some buddys who were totally hyped about its perks. At first, I was like, "Yeah, right?" but my curiosity got the best of me and I dove in. guess what? I discovered that it wasn't just about putting money into a tax-free void – I could diversify my portfolio globally! I'd like to share with you my investment plan for a TFSA account, as well as why a TFSA is good and how to use it. ![]()
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Here I am sitting up 482.07% this year thinking i’m doing good!!![]()
I’m currently building my 2025 TFSA investment portfolio and would like feedback on my allocation. Here’s how it’s structured: 40% invested in U.S. equities • 20% Canadian high-dividend stocks • 40% in ETFs
Here's a list of stocks I've been following:
Top S&P 500 Companies：
The S&P 500, widely recognized as the benchmark for large-cap U.S. equities, boasts a portfolio of 500 leading companies that collectively represent approximately 80% of the available market capitalization. Here are some standouts: $Apple (AAPL.US)$ , $NVIDIA (NVDA.US)$ , $Microsoft (MSFT.US)$ , $Amazon (AMZN.US)$ , $Meta Platforms (META.US)$ , $Alphabet-A (GOOGL.US)$ , $Tesla (TSLA.US)$ , $Berkshire Hathaway-B (BRK.B.US)$ , $Alphabet-C (GOOG.US)$ , $Broadcom (AVGO.US)$
Canadian Dividend Kings：
Canadian Dividend Kings are companies that have consistently increased their dividends per share for numerous years, reflecting a resilient business model and financial strength. These stocks offer investors stable returns with lower volatility: $BCE Inc (BCE.US)$ , $TELUS Corp (T.CA)$ , $Enbridge (ENB.US)$ , $TC Energy (TRP.US)$ , $Emera Inc (EMA.CA)$ , $Bank of Nova Scotia (BNS.US)$ , $Choice Properties Real Estate Investment Trust (CHP.UN.CA)$ , $Brookfield Renewable Partners LP (BEP.UN.CA)$ , $The Toronto-Dominion Bank (TD.US)$ , $Power Corporation of Canada (POW.CA)$
Index ETFs to Watch:
For investors seeking diversified exposure, index ETFs are a compelling choice. Here are some top picks: $VANGUARD S&P 500 INDEX ETF TR UNIT (VFV.CA)$ , $Invesco QQQ Trust (QQQ.US)$ , $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ , $Vanguard S&P 500 ETF (VOO.US)$ , $SPDR S&P 500 ETF (SPY.US)$ , $ProShares UltraPro QQQ ETF (TQQQ.US)$ , $INVESCO NASDAQ 100 INDEX ETF CAD UNIT (QQC.CA)$ , $BMO S&P 500 INDEX ETF UNIT (ZSP.CA)$ , $VANGUARD FTSE CDN HIGH DIVID YIELD TRUST UNIT (VDY.CA)$
Why is TFSA good?
Why is TFSA good?
People use TFSA’s as investment/savings accounts. What would you say the proper use of them for?
My advice is not to use a TFSA solely as a savings account, as its best use is for tax-free investments on capital gains. If you invest in a stock within your TFSA and it returns, for example, $1,000,000, you won't owe any taxes on it as long as it's sold within the TFSA. And when you withdraw it, you won't pay taxes on it either, as it's not considered income. This makes the TFSA a powerful tool for wealth growth due to tax-free gains. The tax savings can be substantial over time, such as during a 35-year period until retirement at 65.
I’ve seen some confusion about how TFSA withdrawals work, so I wanted to clear it up with a quick post in simple terms. Any questions or tips? Let’s help each other out! 👇
1️⃣ You Can Withdraw Anytime TFSAs are super flexible. You can take money out whenever you want, and there’s no penalty or tax on the withdrawal.
a. You withdraw $5,000 from your TFSA today (December 2024).
b. In January 2025, your contribution room increases by $5,000.
2️⃣You Get the Room Back Next Year The amount you withdraw gets added back to your TFSA contribution room, but only in the following calendar year.Example:
3️⃣You Can’t Re-Contribute Right Away (Unless You Have Room) If you’ve already maxed out your TFSA for the year, you can’t re-contribute the money you withdrew until the following year. If you do, you’ll get hit with an over-contribution penalty.Example:
– Your TFSA is maxed out, and you withdraw $5,000 in 2024.
– You can’t put that $5,000 back until 2025.
4️⃣Keep Track of Your Room The CRA tracks your TFSA contribution room, but it’s a good idea to keep your own records too. You can check your room on MyCRA, but it’s often not up-to-date if you’ve made recent contributions or withdrawals.
Choosing the right platform to manage my TFSA was crucial. Oh, and did I mention? With moomoo, I not only enjoy tax-free perks on my U.S. stock investments and incredibly low foreign exchange rates, but also benefit from its intuitive interface and robust trading tools that make navigating and executing my investment strategies seamless. Plus, moomoo offers exceptional benefits such as 0 annual fees on US/Canada RRSP/TFSA accounts, an FX fee as low as 0.09% per transaction, trading in the US market for as low as US1.99 per transaction,andtradingintheCanadian market for as low as CAD1.49 per transaction.
🔥 BTW, If you're ever worried about not capitalizing on market opportunities, MooMoo's new Auto-Buy function is your BFF! I recently gave it a spin, and let me say – it's a breeze to use! Here is what it looks like 👇
🔥 BTW, If you're ever worried about not capitalizing on market opportunities, MooMoo's new Auto-Buy function is your BFF! I recently gave it a spin, and let me say – it's a breeze to use! Here is what it looks like 👇
Yet, the average Canadian only contributes $3,800, leaving valuable tax-free growth untapped. The TFSA is a valuable tool for Canadian investors. With higher contribution limits coming, now's the time to review your TFSA strategy. By opening a TFSA account on moomoo, you can grow your wealth tax-free.
New year, new TFSA room! Will you contribute fully this year? What’s your approach to end-of-year financial planning? Share your tips below! 👇
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Canadian | Finance ex-institutional trader | Trying to spread knowledge of better trading practices and make money
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Ask a strategist - Trump's first day
WeedStreet : best way to automate buying ETF's and contributing to TFSA?
DanDha : Great read, thanks!!!!
Lauren_investement OP WeedStreet : You can automate inside the tfsa account in moomoo.
Bravo Jordan WeedStreet : You can set up recurring payments in the moomoo to buy ETFs. The moo-moo will withdraw money from your account and buy it automatically.
WeedStreet Lauren_investement OP : What I want to do is deposit $200 monthly into my TFSA and at the same time buy max XEQT with it. should i just cancel the auto deposit of $200 and then under automations turn on recurring investments for $200 every month?
Lauren_investement OP WeedStreet : YES![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
WeedStreet Lauren_investement OP : Okay, i think i understand!
JQ3 : Do dividends received use up contibution room?
Maxed TFSA, but receiving reinvested dividends. penalty incoming?
As a Canadian in a dividend stock like $ProShares UltraPro S&P500 ETF (UPRO.US)$ I am curious if anyone knows how US dividends are calculated into the TFSA account.
piggy li : Had it not been for Trump's price on the list, businesses other than selling cars to earn some money would be unprofitable. 250 can't be more
Aman Gujral JQ3 : +1
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