Author Topic: Transferring questrade margin account to TFSA.  (Read 1586 times)

Islander

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Transferring questrade margin account to TFSA.
« on: October 30, 2019, 09:43:21 AM »
Hello, I have about 6k in VGRO in my margin account. My plan is so move that 6k from margin acct into my TFSA on Jan 1/2020 because of the new contribution room that will be available.

What's the best way to make the transfer? Should I sell my holdings in the margin account and then transfer it then rebuy in my TFSA on Jan 1 or is there a better alternative? thank you.

Oops can someone please move this to Canada tax discussion. I accidentally posted in the wrong topic.
« Last Edit: October 30, 2019, 09:50:24 AM by Islander »

Lews Therin

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Re: Transferring questrade margin account to TFSA.
« Reply #1 on: October 30, 2019, 11:47:09 AM »
You can do a transfer as kind.

it's an option in Questrade

''Requests tab''

''transfer investments''

Voila.

Islander

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Re: Transferring questrade margin account to TFSA.
« Reply #2 on: October 30, 2019, 11:57:53 AM »
thanks!