TFSA Answer
in response to
by
posted on
Dec 09, 2010 03:59PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
So, went back to the bank today to sort this TFSA thing out.
Yes, I can transfer shares from my self-directed account into a TFSA.
HOWEVER - I will be liable for Capital Gains on the shares I move.
For me this would mean stumping up cash 5k cash to the CRA early next year which is cheap considering what we think will happen to the stock but not possible at this time.
So, I think I will wait until its time to sell/get bought out and then just pay some tax.
Thanks for all the input
Flaps