RE:RE:RE:RE:RE:RE:RE:Myth of tax loss SeasonWe have 2 TFSA's mine and my wife's. The stock will come from my RRIF and I will pay tax on it, part of my required withdrawl.
It will go to the joint trading acount hopefully 5000 X $2.20 = $11000.
Then to each TFSA same day $5500 each.
Our TFSA are now worth 200K and also for everyones info you can declare benificieries for the TFSA's and they transfer to your benificeries tax free.
Pinotblanc wrote: IWillRetireSoon wrote: Check your TFSA limit. Five thousand shares or $5K? Value of the stock (gain or loss) is to be claimed on date of transfer. You may be liable to pay tax on an unsold equity that you transfered into a TFSA. Capital losses may possibly be claimed but best if sold for loss, funds put in TFSA then reinvested (wait a month).... Hard to determine exact situation.
%)NowRetired.
In the transfert, capital gain are taxed like if it was sold. Capital loss can not be use for tax loss.