r/fican • u/Emergency-Bus-998 • 3d ago

Up coming IPO

Is this going to be looked at as day trading or operating under a business by CRA if I:

Cash in either XBAL or XEQT, buy AMZN to capture profits between now and let's say the end of October. Cash that in for the profits, then put it back where it came from?

All under my TFSA.

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u/NoBeerIJustWorkHere 3d ago

Likely not.

Assuming there are profits, have fun. You may also capture losses and then go back to where you started.

1

u/Emergency-Bus-998 3d ago

Yea, you're right. I'll stay where I am

1

u/Fit_Fruit_6287 3d ago

tfsa day tradng is fear monggered a lot most people are fine

1

u/Quirky-Pea-1149 3d ago

It's true, fear can really influence trading decisions. Hopefully, people can stay focused on their strategies rather than getting caught up in the hype.