Agoracom: Small Cap Investment - POET Technologies Inc. - Re: Canadian TFSA Help

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Quan Gork

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Re: Canadian TFSA Help - PTK

in response to

Canadian TFSA Help - PTK

Psycho9778

posted on Dec 05, 2016 06:58PM

Re: "I can transfer 19,298 shares of PTK into my TFSA. That would be tax free as my cost on those shares is $1.15 each"

You are correct in that you don't have to pay any taxes. One issue to consider is that I think that if you do a transfer in-kind from a cash account to a TFSA, then you can't claim a capital loss. You could sell the shares, then buy them again into a TFSA, and then get the capital loss (might have to wait 30 days?). Of course there is other risk with that (shares go up before you buy them again).