RE: RE: RE: Transfer to TFSA?Transferring from a non-registered account to a registered one is an "in-kind transfer". Think of it as selling in one account and buying in the other. If the sale results in a capital gain, you pay tax on it... if it's a capital loss, it's treated as a superficial loss and you can't claim it.
Once it's in your TFSA you won't be taxed on any gains, but likewise, you can't claim any losses if you sell it at a loss. Hope it works out for you when BNC hits $3 :-)
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One question we receive frequently is how to contribute investments from non-registered accounts in kind to the TFSA.
Ifyou contribute investments “in-kind” to a TFSA you are considered tohave sold the investment for its fair market value. If there is acapital gain, you will be taxed on the gain. However, if there is aloss the loss is denied and you cannot apply it against capital gains.
Similarly,if you sell your investment and there is a capital loss and then yourepurchase the same investment in your TFSA within 30 days of the sale,your loss will be denied and it cannot be used. You can wait 31 daysbefore repurchasing the investment.