How to report a transfer-in kind of (in-the-money) call options into a TFSA?
If you hold stocks showing a loss in a non-registered account and you transfer them "in kind" to your TFSA; you cannot claim a capital loss.
However, if you transfer stocks with unrealized gains, then Canada Revenue Agency considers this a “deemed disposition,” and you would be responsible for reporting the capital gains and paying tax on them.
In TurboTax, you would report as a Capital Gain, under Investments.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
Sign In
Canada (English)
EN
