Selling and re buying

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Is there a time requirement (i have heard 30 days mentioned) between selling a security and then rebuying the same?

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Asked on October 7, 2021 6:21 am
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thanks, if this was in an unregistered account would any restrictions hold?

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Posted by Rob McLennan
Answered on October 7, 2021 2:57 pm
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I think it all depends under what context. Are you referring to trading with a TFSA? There is no hard rule, but assumptions that have been widely shared. It also depends if you are talking about 1 stock vs 100 stocks. SO many factors to consider here. Would need more context here, but there is no hard rule around day trading in the TFSA, just that its discouraged and ambiguous which gives flexibility to the Feds to make decisions and also leads to uncertainty for investors.

Mat

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Posted by Mathieu Litalien
Answered on October 7, 2021 2:54 pm
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