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If you can swing trade to make greater than 1% a month, does it make sense to over contribute and face the penalty.

eg. In the past 3 months I have made $10,000 swing trading with an average of $25,000. That would mean a monthly penalty of $250, so I'd have to pay $750 in tax in order to save my entire $10,000 of earnings.

Has anyone else done this or are thinking of doing this.
 

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If you can swing trade to make greater than 1% a month, does it make sense to over contribute and face the penalty.

eg. In the past 3 months I have made $10,000 swing trading with an average of $25,000. That would mean a monthly penalty of $250, so I'd have to pay $750 in tax in order to save my entire $10,000 of earnings.

Has anyone else done this or are thinking of doing this.
Here is another discussion on the same topic:

http://www.canadianmoneyforum.com/showthread.php?t=602
 
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