What is a Margin account? What is a TFSA? Why am I using 2 accounts?

If you’re in Canada, it is preferable to buy stocks from your TFSA first until you've filled your contribution room. (Please see this link to find out what your room is: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributions.html) The only stocks you won't be able to buy from a TFSA are stocks listed on the OTC exchange. Therefore, you will need to buy OTC stocks from a non-registered account such as a Margin account on Questrade. In addition, to be prepared to take action on some of our alerts, it's best to have some cash reserves for both your TFSA and Margin accounts.