InvestSheep

The short answer Norbert's Gambit converts Canadian dollars to US dollars inside a brokerage account by buying a dual-listed ETF in CAD, moving ("journaling") the shares to their USD-listed version, and selling them for USD.…

In a nutshell Gains inside a Tax-Free Savings Account (TFSA) are tax-free, but the Canada Revenue Agency (CRA) can treat frequent, organized trading in a TFSA as a business. When that happens, the profits may…