RE:RE:RE:RE:RE:RE:RE:RE:capital gains questionYou need a new accountant, man.
Any gains or income made in a TFSA (assuming you have followed contribution rules) are TAX FREE. Period. That’s the nature of the account. If your accountant is confused about this, I very strongly question what qualifications they have.
in short, gains (whether realized or unrealized) are NOT contributions and don’t impact your contribution room.
If you deliberately over contribute, then you pay a 1% tax on the over contribution AND will have to give up the gains attributable to the over contribution (referred to as an ‘advantage’ on the definitions page of the TGSA Return).