Re: Digest for canadian-money-and-tax-matters@googlegroups.com - 1 update in 1 topic

11 views
Skip to first unread message

Bruce Taylor

unread,
Nov 29, 2022, 10:27:39 AM11/29/22
to canadian-money-...@googlegroups.com
No,  there is no capital gain/loss incurred.  I have done this several times into various accounts at BMO, TD, and BNS, often transferring shares for issues already in my accounts.  As a result, my ACB differed from what showed in portfolio statements and on the trading summary issued at yearend showing shares sold.  I reported the cost of shares sold on the basis of my own Excel tracking spreadsheet and have never had my numbers challenged by Canada Revenue Agency.

On Tue, Nov 29, 2022 at 1:18 AM <canadian-money-...@googlegroups.com> wrote:
bobby clobber <bobbybr...@outlook.com>: Nov 28 04:35PM -0800

Hi
you might of seen my previous recent post.
I am planning for retirement.
If i end my DRIP program with the Transfer Agent and move the shares to TD
Waterhouse Trading account, is there a capital gain due when the transfer
occurs? In other words, closing your DRIP program with the Transfer agent
and moving them to a broker account is that like you actually sold the
shares of the company you drip or is it seen as a transfer only with no tax
implications
 
bob
You received this digest because you're subscribed to updates for this group. You can change your settings on the group membership page.
To unsubscribe from this group and stop receiving emails from it send an email to canadian-money-and-ta...@googlegroups.com.


--
Bruce Taylor
Reply all
Reply to author
Forward
0 new messages