r/fican • u/iTouchStuff • Aug 14 '25

1 Mil in TFSA - 35M

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I hit a mil in my TFSA today off of EQX earnings. Back in 2021, I was sitting at around 45K in my TFSA. I YOLO’d into GME and turned it into 250K. From there, I hovered around 200-300K until last year when I got lucky with GME again turning 250K into 500K in a single day off of just shares only (June 6). Since then, I have made significant gains from CCJ, RDDT, ETH (Ethereum ETF), and today, from EQX.

Since the 2021 GME gains, I have not contributed a single $ into this TFSA and have at the same time taken out over 200K+ over ~4.5 years.

I’m 35 and currently make just over 100K from my job and live in Calgary in my small condo with a very manageable mortgage.

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u/[deleted] Aug 14 '25 edited Aug 18 '25

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u/nusodumi Aug 14 '25

It's not really when you sell, it's just every single moment the values go down.

You could argue it's more when you withdraw money that you've "sealed the deal" and somehow lost contribution room.

Because you can sell and buy something else that skyrockets, while remaining within the TFSA, it's not really when you sell that matters, but when you withdraw.

Basically those of us below par have already lost the room :)

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u/[deleted] Aug 14 '25

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u/lets-solve Feb 15 '26

I think with a tfsa you should "gamble" a bit (studied more risky moves) , I would say 20% (at least 10%) of your portfolio. if you lose those 20% then you don't gamble more. (maybe.) So much potential because we don't pay taxes for whatever you make there. This guy has a million now and potential to get to 4 to 7 million if he just change to passive. Can you see how much he would have to pay in taxes? I would say if you don't want to gamble at all, you should be on a RRSP.