Q: Hi Peter, Ryan, and Team,
Recently a member (Reg) asked:
Q: I am a holder of CSU inside my TFSA - as such I have received shares of Lumine - realizing you are not tax experts are these Lumine shares allowed to be held inside my TFSA.
My advisor thinks they might not be - TBD. If they are not allowed they need to be removed - would that count as a withdrawal in the eyes of the CRA?
Thanks
Perhaps Reg was asking about the "new" shares of LMN that he received, given that he had already made his maximum contribution to this year's TFSA.
What action should be taken in such a case, to keep the CRA happy?
Thanks as always for your insight.
Recently a member (Reg) asked:
Q: I am a holder of CSU inside my TFSA - as such I have received shares of Lumine - realizing you are not tax experts are these Lumine shares allowed to be held inside my TFSA.
My advisor thinks they might not be - TBD. If they are not allowed they need to be removed - would that count as a withdrawal in the eyes of the CRA?
Thanks
Perhaps Reg was asking about the "new" shares of LMN that he received, given that he had already made his maximum contribution to this year's TFSA.
What action should be taken in such a case, to keep the CRA happy?
Thanks as always for your insight.
