Option Volatility

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Binary options are also called a variety of other names, volatility options and futures trading but not limited to. On some platforms, trading may actually take place but it is typically extremely difficult and often impossible to win on the bet (because the platform controls the odds and often the reference value of the underlying interest).

In some cases, even if an individual theoretically does win, the winnings may appear as a credit on a trading account on the platform but the investor's money is not transferred or returned.

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Speak to your registered financial advisor to learn more about making withdrawals from your RRIF, including withholding tax on withdrawals. The total contribution you have depends on factors including the year you first were able to contribute to a TFSA, and withdrawals you have made from your TFSA. If you take money out, you can re-contribute it the following year, in addition to the annual maximum.