2 items2 sources1 stocks
Reddit / WSB-Jul 18, 03:50 AM
The TFSA Leverage Loophole: Borrow $1M, Park It in Covered Calls, Walk Away Rich?
A Reddit user proposes borrowing $1 million, depositing it into a TFSA, and investing in a covered-call ETF yielding ~30% annually to generate $300K in dividends while paying only 1% monthly over-contribution fees. The plan involves using the dividend income to service the loan during the year, then selling the shares to repay the principal after one year.
Why it matters: The post asks whether this strategy is feasible or constitutes tax fraud, noting the bank representative reacted with disbelief.
Google News-Jul 18, 12:15 AM
2 Canadian Growth Stocks Worth Adding to a TFSA This Year - Yahoo! Finance Canada
2 Canadian Growth Stocks Worth Adding to a TFSA This Year Yahoo! Finance Canada
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.