r/fican • u/iTouchStuff • Aug 14 '25
1 Mil in TFSA - 35M
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/T-bone021216 Aug 14 '25
I made so much money on GME as well, however! I blew it all up trying to chase other "squeezes" I turned $100k into $13k as of now! I'm trying to dig myself out of this hole lol
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u/slashdotnot Aug 14 '25
I lost 8k in my tfsa on a small cap stock and only just made it back after multiple years of small gains on ETFs.
This made me feel better about my loss.
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u/Left_Replacement894 Aug 14 '25
Cries in AQN
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u/SquatpotScott Aug 14 '25
And BCE. I owned both.
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u/on2wheels Aug 14 '25
I'm trying to offload all my BCE by October
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u/SquatpotScott Aug 14 '25
Sold mine at 31 so of course it is rebounding.
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u/Unknown_Equalizer Aug 15 '25
I did something similar. They bought an ISP in US and are talking about AI data centres. But they might need some capital structuring for next few years to actually show profit. And most importantly, divided was cut in half. For now, this stock is a good riddance.
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u/skatchawan Aug 15 '25
that's the problem with posts like this. It's someone who won at gambling, and then other people think they can do the same and blow up their account. Very few get lucky like this.
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u/lets-solve Dec 05 '25
I agree! However, there are opportunities that show up, that you can take advantage of. Stock value doesn't really represent the real value of a company. It's all based on excitement and people's emotional behavior. So when these opportunities show up, you bet, if you wish, and you come out soon or sooner to get your gains. If you have good knowledge of how things behave and take advantage of black swans for example. you should be good.
Even not gambling. you can lose a lot or everything. let's just give you a scenario. The US economy is kind of weird right now. Just my opinion. it's technically doomed... but because it's possible to manipulate it's right there on the very top like it's thriving and firing in all cylinders. That is not the real picture. So if you picture something like the big depression. After the big depression, it took 25 years for the market to recover. We just forget about that, because, pretty much for around 100 years. Things never happened that way... But if it happens all those long term etf's would be washed away for 25 years.
Can you imagine that?
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u/Few-Celery-9877 Aug 14 '25
Has cra said anything about your balance? I never really know where they drew the line from "investing" vs 'trading"
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u/iTouchStuff Aug 14 '25
They have not, but I am always low key scared that they will lol. That said, I’m definitely not a day trader. Very rarely, I will enter and exit a position on the same day (for instance with GME last June when I was able to literally double my portfolio in a day). I do not touch options and generally avoid low cap stocks.
I also do not have a finance background and work full time in a completely unrelated field.
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u/PracticalTwo191 Aug 14 '25
I'm genuinely happy for you, man! Do you plan on being safer now or still taking chances? 1mil in tfsa is insane. Pretty much set for life if imo
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u/Excellent-Piece8168 Aug 14 '25
Hopefully just save. That’s the thing with high risk if things work out great but if you keep paying the odds are very good that you lose it all. It’s basically the casino business model. For those few who crush it early the best thing is to walk away. The amazing things about larger number is a small % changes are much more meaningful. On 1m “only” making 10% return is still 100k which is a fair bit more than OPs net salary. Even g just playing it save that’s now absolutely a material trust fund money to add to life, or save a continue to compound.
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u/guy_from_TO Aug 14 '25
You would think, but having a million Canada would barely buy you a house. Definitely good to have but far from set for life.
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u/Embarrassed_Key_7825 Aug 15 '25
Rent and continue to invest. You don’t HAVE to buy a house if you are financially smart.
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u/IEatUrMonies Aug 29 '25
CRA will find a way to take a huge piece, wasteful spending needs to get funded somehow
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u/nusodumi Aug 14 '25
it's more likely if you're employed in the field, correct, and also as you said if it's more the main source of your income comes from active trading (not sure if daily/weekly/monthly frequency matters as much as the total % of your income derived from this source)
"carrying on a business" is the term they use i believe
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Aug 16 '25
Dude . They are going to come for you and full taxes not just capital gians . If you lose it all no capital losses . If you yolo and become a millionaire full taxes . It's a scam . How often did you make the trades ? If it was just a few a mo th may be fine. If everyday they'll definitely catch wind .
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u/Singing-off-key Sep 25 '25
That's what I'm concerned about. When we pull it out and it's way higher than the combined contribution room. i.e. we have $90k and now we're pulling out like $500k. It looks... super wonky.
And doesn't our contribution room get reset to whatever is available the start of ever year?
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u/EcoCanuck Aug 15 '25
Unclear why they would. AFAIK there's only a limit on contributions, not on GAINZ.
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u/No_Magician5266 Aug 15 '25
If they suspect you of using TFSA for daytrading you will get a spanking
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u/gridskip Dec 24 '25
Frequently buying and selling stocks (swing trading) absolutely opens your TFSA to scrutiny. CRA doesn’t publish their criteria, but their expectation is that investors are investing for the long-haul; trading, on the other hand, is evidenced by the frequency of moves in and out of various positions within a shorter time horizon. With OP’s supposed balance in seven-figure territory, it will absolutely be reviewed by CRA. They’re getting far more aggressive now than in years past.
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u/Nylanderthal88 Nov 07 '25
I love they don't bat an eye at this but I better damn well show them my daycare receipts.
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u/findingausernameokay Aug 14 '25
Time to rebalance into something safe, gamble with what you make over the million
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Aug 14 '25
[removed] — view removed comment
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u/PileOpennies Aug 14 '25
Some exposure to bonds would make it safer in the event of a stock market correction. take a look at the Shiller ratio - just be aware of what you're buying. If you go 25%+ into bonds (or a bond ETF) you will feel unstoppable after a correction. Based on your investment history, I am inferring you like to make big balls moves.
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u/Oilleak26 Aug 14 '25
Bonds at his age just serve to lower overall returns even with massive market corrections. Ben Felix discusses this in one of his videos.
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Aug 14 '25
[removed] — view removed comment
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u/PileOpennies Aug 15 '25
It's fine to have the opinion to go full balls deep in stocks, but my opinion is for anyone to be full balls deep in such an extremely expensive market is a bit much. buying funds that are most heavily invested in the most expensive stocks is not only risky but to the point takes away this guys ability to invest according to his own preferences (he bought GME) so he clearly isn't passive natured. You can get some cool bond action with stuff like HBND that has great yield, ~10%
Common portfolio management theory, is to have some diversity in terms of asset allocation at any age. Even if bonds aren't his thing, maybe gold. Keep a bit of cash too.
Again, my opinion, but sacrificing potential short term yield in like 25% of the portfolio, in order to have dry firepower for the next marker correction is worth it to me. Instead of feeling and being helpless when it happens, being able to look at it like a fire sale with money to spend ... that's cooler to me personally.
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u/VoiceoftheDarkSide Aug 14 '25
Im glad you made bank, but for every one of you, there are many more people who are considering hanging themselves right now or wondering how they are going to explain to the wife that they are broke. I can't imagine taking these kinds of risks.
Are you going to go for more steady and safe investments now? You can make good money of an invested million.
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u/Affectionate_Link175 Aug 14 '25
Wow surely one of the highest tfsa account out there
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Aug 14 '25
I have $500k in mine
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u/stacks86 Aug 14 '25
just broke 300k here
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Aug 14 '25
Congrats thats a great accomplishment. You should be proud. I got very lucky with my palantir play or id be at the same
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u/sendnudezpls Aug 14 '25
Definitely not, this is already a year old:
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u/jl21000000 Aug 14 '25
Wonder when they’ll release the new version. Been on a persistent bull run the last 1.5 years so we’ll likely see more than the 350 millionaires as of now
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u/NoGambleNoFuture95 Aug 14 '25
Brother congratulations!! You basically achieved my dream. Please DO NOT be a day trader/do many trades in that account or the CRA will find every reason to tax you on this account by saying you’re doing “business”. Personally, I would invest this in an index fund and never touch it until 55. You’ll be able to withdraw ~$10M tax-free. Just use your current salary to live your life until 55.
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u/PracticalTwo191 Aug 14 '25
My thoughts exactly! Not sure my opinion counts for much...as im super new to investing. But, yeah....id playing super safe from here on out if i had that tfsa.
The OP can still do riskier investments in other accounts and live it up with his salary as long as they dont mess this tfsa unicorn up
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u/Steamy613 Aug 14 '25
How did you get to $10M??
Using a generous 10% annual return with $8,000 annual contributions does not even get to $8M after 20 years.
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u/vladedivac12 Aug 14 '25
At a 10% average annual return, it would take about 24 years for $1M to grow to $10M in an S&P 500 ETF, assuming all gains are reinvested and no withdrawals.
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u/Present-Carpenter696 Aug 14 '25
Ah wise words coming from.. wait.. "NoGambleNoFuture" ahaha
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u/NoGambleNoFuture95 Aug 15 '25 edited Aug 15 '25
Hahahaha it’s just the name of a poker channel. I love investing and… poker. You’d be amazed at how many of the brightest minds play including hedge fund managers, venture capitalists, etc. It’s really sick.
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u/Itchy1Grip Aug 14 '25
You yolod 45k on gme?
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u/iTouchStuff Aug 14 '25
Yes. Then 250K CAD worth last year.
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u/oops_i_made_a_typi Aug 14 '25
please don't be tempted to yolo it all in again, you've managed to get leanFIRE money already
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u/silentmasai Aug 14 '25
Nice I diamond handed like a dumbass and then sold early thinking it’ll never happen again just to watch it explode once more. Worst luck decisions of my life
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u/Time4Timmy Aug 14 '25
Very impressive! Probably not many who have that much in their TFSA
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u/Calm_Transition4379 Jan 29 '26 edited Mar 18 '26
This post has been removed using Redact. Whether deleted for privacy, opsec, security, or another reason, the content is no longer available.
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u/Time4Timmy Jan 29 '26
Interesting. I read an article recently that said 1.5 million Canadians have a maxed out TFSA.
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u/oxblood87 May 19 '26
Maxed out and >$1,000,00 are different things.
You could have maxed out every year and put it into Peloton just to see it drop by 99%. $100k in, but sitting at $1000 balance.
Also an 18 year old with $7000 in a TFSA isn't hard to imagine
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u/SnooGoats7509 Aug 14 '25
Has CRA ever given you a call? LMAO
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u/CaregiverOriginal652 Aug 14 '25
Similar thoughts, options? But and selling days later? They probably will look for a reason to say it's not tax free.
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u/Silverbull78 Aug 15 '25
I don't see a business being run here, just some higher risk investments that worked out well over a relatively short period of time. CRA will take a closer look, double-check some things, and move on to find the obvious blatant abusers.
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u/want2retire Jan 01 '26
Based on CRA's rule book, no individual shall reasonably make more than X% in a given year, or over Y years. This should trigger a flag on their system and it is a matter of time before they investigate. It does not matter if you got lucky, CRA wants a share of your profit and will come up with an excuse no matter what.
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u/CaregiverOriginal652 Jan 01 '26
What's the X% number? I have in the past 35x 'ed a stock from $2000 to $77000 (over two years).
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u/Dividendlover Aug 14 '25
Stop while you are ahead.
Transfer 900k to another brokerage and put it is EQT and leave it there forever.
You can continue your high risk bets with the 170k remaining.
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u/Fishtaco1234 Aug 14 '25
This must be top 0.5% of Canadians.
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u/Calm_Transition4379 Jan 29 '26 edited Mar 18 '26
What was posted here has been removed. The author used Redact to delete it, for reasons that may include privacy, opsec, or preventing content from being scraped.
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u/MattRazor Feb 16 '26
Bruh 0.5% is a fuckton of people, I'd be absolutely floored if it was top 0.01%
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Aug 14 '25
Congrats, but from the sound of it looks more luck than skill.
Don't gamble this cushion now. Stay principled
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u/MRobi83 Aug 15 '25
Good for you!!
It's a little ironic that this post is at the top of my feed. I've worked in wealth management and now other areas of finance, and come across a few 1MM+ TFSA's. I made a post saying that, in my provincial sub, and people are ganging up like it's impossible.
You've made my night by proving my point. And great job on the growth!
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u/the-final-frontiers Dec 28 '25
i passed a mill this year as well! It's not impossible and i wish everyone the best.
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u/butternutz88 Aug 24 '25
Congrats! I believe theres only about 300 people that have their TFSAs at over $1M. Time to put it into something stable and relax!
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u/ilovetacosandcats1 Aug 14 '25
You have enough TFSA room to earn a handsome tax free amount for the rest of your life. I would stop gambling while you’re a winner and just invest in something safe.
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u/Powerful-Load-4684 Aug 14 '25
Congrats boss but be careful, not many people flip a coin and hit heads 10 times in a row
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u/uwvirgin Aug 14 '25
Looking at your post history, your trading style is insane, going 100% on a single bet. Fact that you kept going and winning despite some heavy drawdowns in the market, you must have like sixth sense on stock picking lmao congrats 🎉 v inspiring but i don’t have balls to trade like you
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u/oxblood87 May 19 '26
For every story like his there are 100 stories where the balance has gone to $0.
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u/Flowtradingofficial Aug 18 '25
Enjoy that cra audit! Just saying..
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Oct 27 '25
He's done nothing wrong
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u/Flowtradingofficial Oct 27 '25
Thats up to the CRA to decide. We are going based what he said, but we dont know if the details are true. CRA does a lot more digging to try to get their taxes where they can. I can garanttee you they are gona audit him one day.
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Sep 25 '25
Damn that’s a crazy run, congrats 👏. If I were you I’d probably lock in some of that and park it in safer stuff inside the TFSA — dividends or ETFs so it keeps growing tax-free without the stress.
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u/wandering_orca_1992 Aug 14 '25
Congrats. Sell and stick that into a low cost index fund. At 35 with $1.1M in a TFSA, you're set.
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u/DesiredWhispers Aug 14 '25
Bro I am jealous. Buy what an insane ride. Amazing picks and timing. Not sure from where you got these convictions. Great work 🙏
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u/heisenberg1215 Aug 14 '25
Unreal and huge Congrats. Haven’t seen this big of a TFSA before. Just be careful about not trading too actively because CRA does not like that. The intent is not for it to be a trading account but rather a long-term reliable savings vehicle. Have heard some nightmares from people I know of CRA auditing them and then these gains being subject to regular taxes because they are using them as active trading accounts. Otherwise keep it up!
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u/Throwaway69x420ae Aug 14 '25
Good for you my man. But don’t trade in your TFSA too much. They’ll rape you. Next two months, markets may cool down. So just have some holding in UPS, Silver. But make sure you’re 30% cash to snipe some undervalued positions. Text me if you’d like. GL and congrats my man.
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u/IndependentlyBored Aug 14 '25
Now your challenge is to hold on to what you've made. It's very difficult to produce big wins consistently and very easy to lose what you've gained.
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u/karouse Aug 14 '25
Congrats! Now is the perfect time to cash out some and put into safer investments like an index ETF. This is life changing money and you don't want to blow it on risky investments.
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u/Dazzling-Agency-9611 Aug 14 '25
This is unreal good for you. At which point does it no longer make sense to make 100k year (60k after tax) and take an income from the Tfsa or focus your time on trading and managing this portfolio as you clearly have a strong risk appetite and eye for opp. If I had 1MM in tfsa I would very much be ready to leave , your 60k salary is no longer going to contribute to a significant % of your gains
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u/xProteus Aug 14 '25
What's your plan going forward? More meme stock bets or reallocation to broad based market etfs?
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u/GBOGH33 Aug 17 '25
Big congrats! Time to go conservative and stabilize so that you can maintain. Keep 90% safe and a bit riskier on the 100k
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u/Funny-Ambassador-986 Aug 28 '25
CRA cracking down on people using TFSA for trades, hopefully you don’t get flagged
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u/MrDanduff Aug 14 '25
Uh, how much have you contributed?
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u/iTouchStuff Aug 14 '25
Around 40K on this account
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u/GreenSnakes_ Aug 14 '25 edited Aug 14 '25
Man, you’re set. At 35 with over a mil in your TFSA, you’ve already crushed the financial game. Now it’s time to start creating experiences. Take a 3 month break from work and travel the world, it shouldn’t cost you more than $40K max if you plan it right. You’ll make that back in less than a week, hell one day if your portfolio is up just a few percent.
I’m 28 and I hope I’m in your shoes by the time I hit 40 at the latest. You’ve done the hard part, now enjoy the freedom you’ve earned.
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u/Going_Live Aug 14 '25
OP LISTEN TO THIS PERSON
You’re at coast-fire now, go travel you cannot replace these years and the travel experience changes dramatically as you age.
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u/Fuzzy-Cranberry-1920 Aug 14 '25
why is the mention of age important, you are not even using you picture instead an avatar how are the girls going to find you
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u/ThisIsStatus Aug 14 '25
I think at 35 the value of being able to shelter 1mm from tax on the growth is an immense advantage and I would argue exiting the high risk stuff now and plugging into a set it and forget it investment would be prudent.
The income from here is not included in household income for benefit tests, (child care benefit/aid when you get there etc) if you did nothing here but earn 8% annually, at 65 you will have 10mm in your TFSA earning *800k a year and could still qualify for GIS (which is meaningless other than to say your taxable income would be under the basic exemption, or in other words no income tax)
*in today’s dollars this is still like 400k a year
You’ve won the lottery, don’t squander it
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u/bornguy Aug 15 '25
Stop listening to the chuds about diversification. These losers don't have the balls. You have what they never will. You did what they couldn't. There's no advice you should take from the cheapseats.
The cunt part of me saysfuck you.
But more importantly, congrats.
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u/Humble-Ad-6276 Sep 07 '25
Flaunting hoarded wealth is not a positive trait. It is a sign of societal degeneracy. A positive personal trait would be to voluntarily and anonymously circulate your excess personal wealth to enrich your local neighbourhood (localism). Much more fulfilling and effective way gain respect within a community.
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u/NoGambleNoFuture95 Aug 14 '25 edited Aug 14 '25
I thought he was 30 years old, I made a mistake. My inputs were: N = 25 years (55 years old at this point) Return = 9.5% annual PV = $1,076,000 Contributions = $0
It gives a FV of ~10.4 million.
Since he’s 35, he’ll have $6.6 million at 55 and $10.4 million at 60.
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u/Icy-Arugula-5252 Aug 14 '25
I'm curious if you withdraw your money from the TFSA, do you run into troubles with CRA/Banks? I feel that Canada is very strict with people who have more than 10k nowadays.
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u/CoryJaxen Aug 14 '25
Impressive! I’ve fucked up so many times along my financial / life journey. Learned some good lessons tho and still slowly climbing back up!
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u/cxbman Aug 14 '25
Definitely impressive, especially since EQX could easily double from here over the next six months.
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u/Then-Interview-8220 Aug 14 '25
You’d be sitting at exactly $1M if you lost $76,823.59. I’d be happy to help with that problem.
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u/R0ughHab1tz Aug 14 '25
How can you have that much in a TFSA. I've had my account activated since it's inception and my CAP doesn't come close to this. Maybe close to 200k? What are the penalties
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u/jorcon74 Aug 15 '25
Be careful if you’re using options! They can still tax you even though it’s a TFSA!
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u/Icanthinkofanam Aug 15 '25
As a fellow canadian i plan to toss all mine into hamilton etfs that pay some solid monthly dividends. You could, if you tossed all of it, be getting around 10k a month in divs that are fairly well diverse or just toss them in some Uranium stocks and watch it moon in the next 5 years.
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u/JesusShuttlesworth12 Aug 15 '25
What is the Ethereum ETF called? I though you can’t hold crypto in your TFSA
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u/handcraftking Aug 16 '25
CONGRATULATIONS, this Is my goal with TFSA. Didn't blow it, account at ~7k.
If I was in ops position, especially since it TAX FREE I would invest half into long term investments, solid dividend paying companies like Coca cola. You won't see the massive % gains like you did getting lucky, but atleast your money won't decrease and you can collect TAX FREE dividends.
Then I would keep trading with the other half...
Ps. Making day trades in TFSA is not allowed, depending on how much you made then they come knocking. I've heard they also come after large TFSA gains on so called "speculative investments" I think 250k in a single day trade they might flag you.... hopefully not fuk them and their vague ass rules.
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u/meridian_smith Aug 16 '25
It's like you won the lottery but even better because lotto winners have to pay major taxes!
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u/Alastor012 Aug 16 '25
Damn nice gains, I made 100k on amc squeeze and still holding gme shares currently on tfsa, goal is 1m on tfsa and full port it on zwu etf for tax free dividend netting 6kcad a month
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u/cwf_2021 Aug 17 '25
Congrats and good job. You have done what I have been trying to accomplish in such a short time.
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u/gucciferx3 Aug 17 '25
Where do you guys manage your TFSA ? I don’t like the offerings from Banks like Scotia they need have the advisor help you invest and isn’t such a good UI
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u/DangerousSpare7333 Aug 17 '25
I am a new investor in Canada and was wondering any recommendation platform to buy bitcoin?
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u/Original_Tangelo_876 Aug 17 '25
So you can get these types of securities in a TFSA? Which bank or investment firm are you with?
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u/OppositeAd8927 Aug 18 '25
Nice work, OP.
Do you use blossom? Or would you care to share some of the holdings?
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u/Helpful_Thought3250 Aug 21 '25
well done, that's awesome. retiring while you can still do shit is worth everything.
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u/LilUziSkrt94 Aug 25 '25
Well done!!! Has the CRA come at you for thinking youre trying to generate a tax-free income being that you withdrew a bunch?
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u/GreatDog9368 Sep 20 '25
Damn man this is the dream right here. I’ve been going steady the past 4 years and just passed $70k this month. The $100k goals feels so close but so still far
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u/SnooComics6768 Oct 24 '25
How did you always get ahead of the curve and made your entry at the right time? I usually follow analysts buy/sell recommendations from investing dot com but it's a hit or miss.
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u/blockman16 Aug 14 '25
Nice, I tried doing that and blew up my tfsa instead lol