I’ve just heard of someone doing that and it ended badly, but that was because the person over contributed. I wonder if it would be legal/smart for me to do that? I don’t make enough to max out my TFSA and don’t take risks investing (only invest in global ETFs and bonds).

  • LucidLyes@lemmy.worldOP
    12·
    2 days ago

    I invest in VEQT.TO and XBB.TO. I use 65% stocks and 35% bonds. I did make a profit last year but this year’s probably not gonna be as good so I’d just be losing on interests. I think it’s not even legal to use borrowed money in a TFSA anyway

    • bambootstrap@lemmy.caEnglish
      2·
      2 days ago

      It is legal but the interest on the loan is not tax-deductible, unlike other investment loans you might take out.