Re: Transfer to TFSA

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AndyK

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Re: Transfer to TFSA

in response to

Transfer to TFSA

wpgmoney

posted on Dec 22, 2008 10:37AM

WPGMoney,

If you transfer your shares to the TFSA, you will not get a tax loss. You would be better off selling them today and claiming your tax loss, and then buying them back in 30 calendar days directly into your TFSA account. That is the only way that this can be accomplished.

If you were to transfer the amount in and not care about claiming your loss the ACB would be .015/ share or whatever they are on the day you transfer them in.