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Message: SP

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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