Canadian Retail Trading: Tfsa or cash account?

Discussion in 'Retail Brokers' started by Andy1_1, Jul 13, 2017.

  1. Andy1_1

    Andy1_1

    So I am considering switching to a cash account and trading out of that, incorporating to pay only 15% tax rate, as opposed to 50% they charge day traders without tax benefits on capital gains. I currently use a tfsa account, in which I cannot leverage my trades, this is very annoying, as I often don't have enough buying power to make trading worth my time. My question is: Is it worth paying ~15% tax to gain access to the leverage on trades? My broker allows us to leverage up to 3x depending on underlying stock.