tag:blogger.com,1999:blog-6818486532233792196.post7312029280079123405..comments2024-03-18T14:35:45.389-04:00Comments on The Dividend Girl: My first TFSA contribution of the year 2018!Sunnyhttp://www.blogger.com/profile/10439081666297874311noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6818486532233792196.post-83339986466624852032018-04-26T20:33:25.144-04:002018-04-26T20:33:25.144-04:00Sunny,
Please be careful when you transfer asset ...Sunny,<br /><br />Please be careful when you transfer asset from non-registered account to TFSA or RRSP in-kind.<br /><br />If you hold stocks showing a loss in a non-registered account and you transfer them in kind to your TFSA (or your RRSP, for that matter), you cannot claim a capital loss. However, if you transfer stocks with unrealized gains, then Canada Revenue Agency considers this a “deemed disposition,” and you would be responsible for reporting the capital gains and paying tax on them.<br />John Guyhttps://www.blogger.com/profile/03531487860662451803noreply@blogger.com