BremoCanadian TFSA evidence guide · sources checked August 14, 2026
Day trading has no magic “safe” number.
CRA says whether a TFSA carries on a securities-trading business is a question of fact. Build a record of what actually happened before assuming the account keeps its ordinary tax treatment.
Your checklist choices stay in this browser tab. Bremo does not receive the answers.
What the rule actually says
Qualified investments and business activity are different questions.
A listed security can be a qualified TFSA investment while the account's overall activity may still be examined as carrying on a business. CRA states that a TFSA trust is generally taxable under Part I on income it earns from carrying on a business.
The facts work together; selecting or not selecting one factor is not a CRA opinion, legal advice, an audit result or a guarantee.
The useful move is documentation: trade statements, holding periods, research records, time spent, financing records and the purpose behind the activity.
Current official references
- CRA: taxes involving a TFSA businessExplains that the TFSA trust can be taxable on business income and gains.
- CRA registered-plan folioParagraphs 1.86–1.90 cover carrying on a business and registered plans.
- CRA audit manual: securities transactionsLists factual indicators such as frequency, ownership period, knowledge, time, financing and course of conduct.
Browser-private evidence record
Mark the facts you need to document.
These are prompts drawn from CRA's published securities-transaction factors. They are not a scoring system. Leave an item unchecked if it does not apply or you do not know.
After the evidence record
Choose the account job before choosing a provider.
If the real question is whether new savings belong in a TFSA, RRSP, FHSA or accessible cash, use Bremo's private account-order navigator. It keeps account-room and access answers in your tab and places any provider review after the account decision.
Build my RRSP-vs-TFSA order →Opening an owned guide is not an account opening, funding event, referral conversion, tax result or revenue.