GREY:WFEMF - Post by User
Comment by
TechOneon Jan 02, 2015 2:36pm
281 Views
Post# 23280542
RE:RE:To transfer or not to transfer. . .
RE:RE:To transfer or not to transfer. . .Keep in mind though, when you transfer shares from Cash/Margin account to either RRSP or TFSA, which is really called 'contribution in kind', if you have capital gains they are triggered automatically with the transfer and if you have capital loss because you may have bought at higher prices then the day of the transfer, then the 'loss' is NOT allowed..
That is why one should be very clear with records keeping so you know exactly what you are doing from taxation point of view.. That is one reason, it is easier and claner to sell your shares and then contribute the cash to either RRSP or TFSA, depending on your allowable limits..
FWIW..