☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 31, 2020 8:21:07 PM

Do you pay capital gains tax when you dispose of capital property (ie shares of stocks) and transfer whole proceeds to registered account (LIRA)?

0 1 323
1 Replies
Moderator
Jan 23, 2023 10:14:41 AM

Yes, you do. You are only exempt from tax if you are selling capital property that’s already in a registered account (ex: RRSP, TFSA).