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Moderator is George L Smyth

Date: 2/7/2020 12:32:43 AM
Author: Tigger Country Flag
Subject: 19604/19636 - Re: Transfer to broker or not
 
 
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Message:

Not quite, George. Tax Free Savings Accounts don't have an income reporting requirement. By transferring shares from transfer agents the dividend reporting requirement (and taxation) could be eliminated without additional cash outlay. The things to consider are any cost of transferring shares into the new account and what the objective is - to build an investment portfolio or to reduce taxation.
 
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