Invest in your Financial Future for FREE

Learn everything you need to know in '9 Secrets of Successful Wealth Management' for FREE from The Successful Investor.

Secrets of Successful Wealth Management: 9 steps to the life you've always wanted, before and after retirement.


  • Hi Pat, I did a like to like transfer from outside of any plan to my TFSA. The day of sale the stock (crr.un)
    was down a total of $750 from by cost price. Can I use this loss against a gain on a stock like TD.
    Thanks , Owen

    • TSI Research 

      We’re not tax experts….so you might want to consider talking to an expert—especially if there are large amounts of funds involved.
      It’s our understanding that transferring shares in kind into a TFSA does trigger a capital gain or loss for income tax purposes.
      If the investment is in a capital gains position, you will have to declare it as a capital gain on your income tax return. But if there is a capital loss, you will not be able to declare the loss. This is because the government sees you as still the beneficial owner of the security.

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.