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).
If you mean taking out a loan to put in your TFSA, that’s a horrible idea.
The market is very volatile right now and there’s a lot of uncertainty with what’s going to happen next. Then you’ll be stuck with a loan on top of your investment losing money. It’s very risky.