TSX:CHE.DB.E - Post by User
Comment by
Red_Deeron Mar 28, 2021 3:15pm
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Post# 32895398
RE:RE:RE:RE:Drip it for now
RE:RE:RE:RE:Drip it for nowHey TimeBuilder__I am VERY CERTAIN about this__I have been doing several Years now of
Transfer IN KIND transactions from my RRIF to my Margin account at BMO Investorline
ALL that happens Tax Wise is that I get the USUAL Tax Slip from BMO showing how much
I took out of my RRIF__which would be THE SAME had I sold something first and then taken
out the CASH__there are NO Capital Gain considerations
Better check this out with your Broker !!!
TimeBuilder wrote: Hey, Red
We were led to believe that any transfer of shares are consider a Sell from the RRIF & then a new market Buy order is issued as they are moved into your CASH trading accounts. . We really like to tightly control all our OWN Sells & Buys (pricing etc) no matter what accounts get involved.. Stand to be corrected on this subject & more informed as we age....Any help in this matter is always educational...Thanks...TimeBuilder. PS: by just moving CASH over we can BUY whatever we want & at a price etc that we are comfortable with.. PSS: Note: we always use Limit orders in ALL our transactions...