Is there a transaction limit for the number of times I can buy and sell stocks in an RRSP?
We are not able to provide financial, tax or legal advice, however we always try to provide general information to help you determine the next step.
There is no predetermined limit for the number of times you can buy or sell stocks in your RRSP within a specified period.
However, the Canada Revenue Agency (CRA) may deem day trading and speculative trades as business income. The CRA may consider several factors including the frequency of trades, how long a stock was held before it was sold, whether the stock was bought on margin, and the investment knowledge of the investor.
When buying or selling a stock, it’s important to keep in mind how each trade fits into your financial plan.
Speak to a professional or a financial representative to learn more about your options.