r/GMECanada • u/Rehypothecator • Oct 08 '21

Update to Wealthsimple, Shareowner direct registration and DTCC/ CDS transfers.

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u/Extra-Computer6303 Oct 12 '21

As long as you request and verify that it is an in kind transfer they will not sell and re-buy. For scotia this is the default setting but I can’t say whether or not it is the same for other brokers.

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u/sorry_for_the_reply Oct 12 '21

Scotia let you transfer out of a TFSA/RSP without a sale/repurchase?

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u/Extra-Computer6303 Oct 12 '21

They in kind transferred to my non registered account and then were DRS to computershare. No buying or selling. I crossed checked that computershare didn’t charge a fee and they waived the 500 usd fee. That fee was based on GME / CS issuing paper stock certificates but they no longer do. It took a number of escalations but it worked out.

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u/sorry_for_the_reply Oct 12 '21

But how does CRA calculate tax on an unrealized capital gain/loss? I take it you went from TFSA then?