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Thanks for your answer! Looking at the CRA rules , it seems that the combination of a covered call with the purchase of a long call option is allowed (see 2 sections below). I will confirm with my broker. Listed securities 1.16 Except for certain derivatives, any security that is listed on a...

Greetings! In Canadian RRSP or TFSA accounts, you can’t execute a standard credit spread because margin isn't allowed. However, you can simulate one by selling a covered call and buying a further out-of-the-money (OTM) call. The goal is to generate income from long-term positions while...