Q: Hello Peter!
I have no room for contribution to my TFSA account for this year, but I want to buy now ACQ and put it into my Unregistered account and hold it until next year and then move it "in kind" to my TFSA acc.in form of yearly contribution. Is this good strategy and do I have to pay tax on capital gain if price of ACQ go up.
Regards Andrew.
I have no room for contribution to my TFSA account for this year, but I want to buy now ACQ and put it into my Unregistered account and hold it until next year and then move it "in kind" to my TFSA acc.in form of yearly contribution. Is this good strategy and do I have to pay tax on capital gain if price of ACQ go up.
Regards Andrew.