Tax expert/Accountant am i allowed to do this?
I hold Dorel in my regular account and my TFSA but my ACB in my taxable account is $4 so big cap gain if i sell those ones. TFSA account.....Assume closing price is $25 on Feb1 as that is when the div is paid so it will register in my TFSA and paid there so i do not pay tax, price will not be adjusted for div until market open Feb2, transfer to taxable account before open at $25 (closing price Feb1) to create more contrib room for 2023 and that jacks up my ACB in margin account enough that i can sell with only a small cap gain more than covered by the div pay out ten buy back in TFSA if i want or just keep the shares and donate back to TFSA in 2023 assuming no big price jump . I don't think i am doing anything wrong just avoiding tax on div and raising my ACB in taxable account so less tax if i sell