TFSA – Long Call Options

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Hello,

I know the TFSA is not meant to be used as a trading account however can we use it for long term call options? I’m looking to place a call option to expire in Jan 2023 but I don’t currently have a marginal account. Would it be against the rules to complete this in my TFSA?

And while were discussing the TFSA – is there a general rule of thumb for how often you can trade in TFSA without being flagged or breaking any rules?

Thanks

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Asked on January 14, 2021 7:47 am
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