Post by
Breakit on Jan 30, 2019 8:14pm
Revenue Canada
I checked with Revenue Canada (1-800-959-8281) and I was transferred to an extension of
someone in the know.
You can hold any stock in RRSP's and TFSA's .
You get taxed only when you withdraw from RRSP's.
There is no tax of TFSA's unless you have dividend paying stocks.
I explained the situation that SDX on the TSX Venture was going to be delisted and listed on the London Stock Exchange (AIM) and he said that it didn't matter as long as my
brokerage house can do the transactions so check with your brokerage house.
Now RRSP's stocks can not be transferred in kind to another account, because of tax implications.
TFSA's can be transferred in kind, to another brokerage institution account without any tax implications if your own brokerage house can do the transactions.
I've checked with my own BMO Investorline and they claim there is no problem.
So for us Canadians it is a great deal, buy as much as we can now on the venture and wait for your price then dump, in the future for British pd
1 British pd=$1.73 Canadian
Comment by
Bagofhammers on Jan 30, 2019 8:31pm
Wrong. If you have CDN dividend stocks inside a TFSA - you don't pay tax on it - unless it is US stock in which there are withholding taxes