Bombardier Inc. T.BBD.A

7,000 actions from your cash account to CELI account

[BestGoldigger]

You do not have to sell the shares. Ask tour broker to do it for you. You can't do it yourself. Tell him to transfer the shares at today's lower price $94.34. If the shares close at $96.34 or more, you get instant $2/share in your CELI that will be never taxed. That's it !

[Letsmakemoredol]

You will be taxed on your capital gains (assuming you have a profit) at the SP when you transfer from your cash account to your TFSA.  Once the shares are in your TFSA then its tax free (with some exceptions as per the Tax Court of Canada, ie heavy trading)

[BestGoldigger]

Tax on capital gains on 70 shares is like nothing.

[MyNameIsNobody]

If the tax on the capital gain is nothing for you, it's because your haven't gained much with these shares. i'd be paying something like a few thousands in taxes by doing this, i'd rather just take the difference, between the 7000$ limit and these few thousands, from my pockets and add it in my TFSA than trigger that tax payment. Anyway, we all have different views on this... the

[Thebomber2023]

70 shares is small change, but it's a start.

[bicente]

Very well explained right here .. GLTA

[BestGoldigger]

You need 70 shares, not 7,000.  70 * $94.34 = $6,603.80   Sorry for the mistake.

[Shamhorish]

great idea, if they accept trans shares from trading cash account to trading TFSA long time ago, some one told me it is not possible, must sell shares in trading cash account, then transf. money to trading tfsa account then buy shares

[Thebomber2023]

This is the correct answer. ;)