Post by
retiredcf on Jan 07, 2024 10:19am
Suitable for TFSA
I am considering doing a transfer in kind from my RRIF to my TFSA of both TOU-T and WELL-T. Both are showing a loss in my RRIF (poor timing on my part), but I think a recovery is likely and that they are good long term holds. May I have your comments on whether to do the transfer, continue to hold them in my RRIF, or sell them outright?
We would consider each a growth company, and typically prefer growth within a totally tax free account such as a TFSA. We do think there is good recovery potential here, and would be comfortable with WELL and TOU in a TFSA. (5iResearch)
Comment by
wideopenthrottl on Jan 08, 2024 9:55am
would you be able to sell and book a capital loss then just take the funds and buy them back in the TFSA??