Скачать или смотреть DON'T Put These in Your TFSA! (CRA Penalties Explained) | Prohibited Investments

🚨 I made a HUGE mistake with my TFSA and the CRA hit me with $47,000 in penalties. Don't let this happen to you!
In this video, I reveal the prohibited investments you CANNOT hold in your Canadian TFSA—and the brutal penalties if you do. Most Canadians have no idea these rules exist.
🚫 PROHIBITED TFSA INVESTMENTS (DON'T HOLD THESE!):
1️⃣ Private Company Shares - Your friend's startup or any unlisted business
2️⃣ Direct Cryptocurrency - Bitcoin, Ethereum held in personal wallets
3️⃣ Foreign Private Investments - Private equity outside Canada
4️⃣ Real Estate You Control - Rental properties, cottages you own
5️⃣ Shares in Your Own Business - Companies where you own 10%+

💰 THE CRA PENALTIES (THIS IS BRUTAL!):
❌ 50% Tax on the fair market value of the prohibited investment
❌ 100% Tax on any income or capital gains earned
❌ 1% Monthly Penalty for every month it stays in your TFSA
Example: $10K investment with $5K gain = up to $10,600+ in penalties!

✅ WHAT YOU CAN SAFELY HOLD IN YOUR TFSA:
✔️ Public Company Stocks - Any stock on TSX, NYSE, NASDAQ (Apple, Shopify, TD)
✔️ ETFs - VGRO, XEQT, VEQT, VFV (my favorites for Canadians!)
✔️ Mutual Funds - Canadian-registered mutual funds
✔️ Approved Bitcoin ETFs - BTCC, EBIT, BTCX (the legal way to hold crypto!)
✔️ GICs - Guaranteed Investment Certificates
✔️ Government/Corporate Bonds - Safe, fixed-income options
💡 PRO TIP: You CAN get crypto exposure in your TFSA—just use approved Bitcoin ETFs like BTCC instead of holding direct crypto!

📊 KEY STATS YOU NEED TO KNOW:

85% of Canadians don't know about TFSA prohibited investments
Average penalty for prohibited investments: $15,000-$50,000
CRA audits thousands of TFSAs annually for compliance
Penalties can exceed your actual investment gains

PLATFORMS I RECOMMEND (No Affiliation - Just Honest Advice):
🔹 Wealthsimple Trade - Commission-free, beginner-friendly, holds BTCC
🔹 Questrade - Free ETF purchases, great for DIY investors
🔹 TD Direct Investing - If you prefer traditional banks
These platforms only allow TFSA-eligible investments, protecting you from mistakes.

⚠️ IMPORTANT DISCLAIMER:
This video is for educational and entertainment purposes only. I am not a licensed financial advisor. The information provided should not be considered financial, investment, tax, or legal advice.
The $47,000 penalty example is illustrative of potential CRA penalties for prohibited investments based on official CRA penalty structure (50% on value + 100% on gains + 1% monthly). Your situation may differ.
Always consult with qualified professionals (financial advisors, accountants, tax specialists) before making investment decisions. CRA rules can change; verify current regulations at canada.ca.
Past performance does not guarantee future results. All investments carry risk. I may earn commissions from affiliate relationships (clearly disclosed when applicable).
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