RE:RE:RE:RE:RE:RE:RE:RE:TFSA 2022mellocello wrote: Once you move your shares to a TFSA you can't claim a capital loss. You can only claim a capital loss if you sell the shares outside of a TFSA.
If you think your stock is going to go up in value, move it to a TFSA before it does...or on a dip in SP.
But once you move it to a TFSA on a dip in SP (this revalues your stock at the lower price) you can't claim a capital loss...anywhere.
You essentially waved the option of claiming a capital loss....but you have moved it before a rise in SP.
This is a good thing to do IMO since your profits will be tax free! ;-)
I believe if you 'move' the 18 cent shares to your TFSA which you had purchased in your marhin account for 20 cents it is considered a "deemed disposition" from your margin account and a tax loss claim is available. The same as a deemed capital gain would have been required if the price in the margin account had gone up to 30 cents before you moved them. You are "required" to report the deemed capital gain, not necessarily so for the loss.
I am an amateur so stand to be corrected - check with a pro.