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....
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....
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Always plan to get a White Christmas tree
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1: 2024 P&L
I made so far 5.6K CAD under my TFSA account, or around 482.07% in profitability in 2024.
Image 1: TFSA Account P/L
2. My TFSA Pocket Guide:TFSA can be good because any gains are not taxable.
I made so far 5.6K CAD under my TFSA account, or around 482.07% in profitability in 2024.
Image 1: TFSA Account P/L
2. My TFSA Pocket Guide:TFSA can be good because any gains are not taxable.
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Following Musk's full support for Trump in the recent elections, Musk will lead the proposed government efficiency department. SpaceX's company heavily relies on regulations, subsidies, and policies, and investors expect that space concept stocks will benefit from a more favorable new government.
What are Space concept stocks?
Space concept stocks encompass companies involved in space exploration, launch services, defense, sate...
What are Space concept stocks?
Space concept stocks encompass companies involved in space exploration, launch services, defense, sate...
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Does anyone out there own Shopify $Shopify Inc (SHOP.CA)$ ? The stock went up over 21% today after reporting earnings and raising guidance. What a day! $Shopify Inc (SHOP.CA)$
I actually wrote an article about this stock before, and I predicted that it would surpass expectations. So, seeing this kind of performance today is pretty much on par with what I foresaw.
Here's the earnings summary for Shopify for Q3 FY24.
GMV ...
I actually wrote an article about this stock before, and I predicted that it would surpass expectations. So, seeing this kind of performance today is pretty much on par with what I foresaw.
Here's the earnings summary for Shopify for Q3 FY24.
GMV ...
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$Shopify Inc (SHOP.CA)$ This week, I'm particularly keeping my eyes on Shopify's earnings report, which is set to drop on Tuesday. Shopify, being a leading player in the e-commerce software space, is expected to deliver another solid quarter with strong top-line growth and a positive outlook, fueled by robust growth across its key metrics.
The options market is indicating that there could be a significant swing in SHOP stock after the report comes ...
The options market is indicating that there could be a significant swing in SHOP stock after the report comes ...
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$BCE Inc (BCE.CA)$ BCE, Canada's biggest telecom giant, is set to release its third-quarter financial report on November 7th, 2024. 📢
Wall Street's Expectations 📈
Wall Street's predicting BCE's revenues and profits will both dip compared to last year. This consensus forecast is pretty crucial, but short-term stock price movements mainly hinge on how the actual numbers stack up against these expectations. If the report beats expectations, the stock price might ...
Wall Street's Expectations 📈
Wall Street's predicting BCE's revenues and profits will both dip compared to last year. This consensus forecast is pretty crucial, but short-term stock price movements mainly hinge on how the actual numbers stack up against these expectations. If the report beats expectations, the stock price might ...
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$Enbridge Inc (ENB.CA)$ Enbridge Inc is about to release its earnings report! It's set for November 1, 2024, to unveil its third-quarter results. We all know that earnings reports are like report cards – they always make us nervous but excited at the same time.
What Are the Expectations?
Based on everyone's predictions, ENB is expected to generate revenue of 6.76721 billion Canadian dollars in the third quarter of 2024, with earnings per share at...
What Are the Expectations?
Based on everyone's predictions, ENB is expected to generate revenue of 6.76721 billion Canadian dollars in the third quarter of 2024, with earnings per share at...
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Help me pick a Toronto maple leaf
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My dumbass signed 5 year fixed at 5%. If I waited till fall, I probably would have bought a better house and at better rate.
I'm gonna go cry now $BMO EQUAL WEIGHT REITS INDEX ETF TRUST UNIT (ZRE.CA)$
I'm gonna go cry now $BMO EQUAL WEIGHT REITS INDEX ETF TRUST UNIT (ZRE.CA)$
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Lauren_investement OP WeedStreet : You can automate inside the tfsa account in moomoo.
Lauren_investement OP WeedStreet : YES
Lauren_investement OP JQ3 : Only your contributions reduce your contribution limit. Dividends are not contributions.
Lauren_investement OP JQ3 : When you receive dividends from U.S. stocks held in your TFSA, the process is straightforward. The dividends are paid to you tax-free within the TFSA, meaning you don't have to worry about any additional taxes or penalties in Canada. However, there's a withholding tax of 15% on U.S. dividends paid to foreign investors, which in this case, would be applied to your dividends. This tax is generally deducted at the source by the U.S. company paying the dividends.
So, to summarize, the U.S. dividends you receive from your investment in the ProShares UltraPro S&P500 ETF are tax-free in Canada within your TFSA, but you will need to pay the withholding tax to the U.S. government. There's no need to report these dividends to the Canadian Revenue Agency (CRA) or pay any additional taxes in Canada.
Lauren_investement OP piggy li : So what positions do you recommend?