Agoracom: Small Cap Investment - Prodigy Gold - Re: SP / TFSA / Deemed Disposition

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Re: SP / TFSA / Deemed Disposition

in response to

by

posted on Jan 06, 2009 05:12PM

Yes, if you transfer stock into a TFSA, "deemed disposition" applies, which means that for tax purposes, you sold the stock the day of the transfer, and then you bought it inside your TFSA for the same price. So if the stock has gone up, you owe taxes. No escaping it.

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Jan 06, 2009 05:17PM

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