u/rudimentaryblues

Margin = Non-registered Account. I will still be using my own cash. No borrowing.

My situation:

I have a majn job. I do this on the side but this generates me good profits (5-10k a month) from premiums.

I trade weeklies. Every Monday. Spend around 30 mins max to plan my trades for the entire week.

Ive done enough research on this topic and there is no clear cut answer. Some say yes some say no. CRA has rulings on day trading and this isnt it.

I would like to know others opinion on this or any experience some can share to help me figure out if I can continue Wheeling in my TSFA or should I move to margin account (I only use my own money) and declare tax on capital gains.

Margin = Non-registered Account. I will still be using my own cash.No borrowing.

Hi, for those not familiar with options wheel. It is running covered call and cash secured puts continuously on a few selected stocks. I started using Wealthsimple since they now allow using the Wheel strategy on TSFA. My situation:

- I have a majn job. I do this on the side but this generates me good profits (5-10k a month) from premiums.

- I trade weeklies. Every Monday. Spend around 30 mins max to plan my trades for the entire week.

Ive done enough research on this topic and there is no clear cut answer.

I would like to know others opinion on this or any experience some can share to help me figure out if I can continue Wheeling in my TSFA or should I move to margin account (I only use my own money) and declare tax on capital gains.