GREY:ALGWF - Post by User
Comment by
famaron Sep 28, 2016 12:17am
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Post# 25284534
RE:TFSA questions
RE:TFSA questions
You can make a million $$$ in your TFSA acct when you sell any security it don't matter. What matters only is when money or securities are transferred into your acct. You can transfer securities from one acct to TFSA ...but the value of the securities matters.
If you transferring securities has capital gains you have to claim it. Should you be losing value on the securities you transferring to TFSA then you can't claim the losses. But you can take $$$ out of your TFSA and put it back. Capital gains from sold securities in the TFSA acct isn't taxable.
fmb