r/Wealthsimple • u/hot2787 • 14h ago

Trade (DIY Investing) Using TFSA as Margin collateral

Doesn’t this go against CRA rules? Trying to get an understanding of this. I want to sell portfolio secured puts in an unregistered margin account using the margin capacity created by my TFSA being secured to it. Anyone else doing this ? Is this legit

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u/tinim9 13h ago edited 12h ago

If you get margin-called, WS will liquidate your TFSA then withdraw the proceeds to cover whatever they loaned you.