Timeline for Moving foreign-currency (USD) securities in kind into a registered account (TFSA) in Canada. How to update contribution room?
Current License: CC BY-SA 4.0
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| Sep 12, 2022 at 7:01 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| Aug 13, 2022 at 7:02 | comment | added | pf_init_js | Case in point, I've transferred some shares over from a fidelity stock plan into QTrade, and the initial average cost of the shares in the account is shown as $0.00. I have to go to my account's portfolio view and update the BV field myself (which I learned stands for "book value"), and set the value that matches my books. Once it's set correctly, I'm sure qtrade will roll it forward correctly. Maybe other brokerages keep track of additional metadata when they transfer in? :shrug: | |
| Aug 13, 2022 at 6:57 | answer | added | pf_init_js | timeline score: 1 | |
| Aug 13, 2022 at 5:41 | history | edited | pf_init_js | CC BY-SA 4.0 |
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| Aug 10, 2022 at 13:02 | comment | added | Grade 'Eh' Bacon | They will be reporting to CRA the same numbers they report to you - so if it's innaccurate, you will need to be prepared to convince CRA when your filings disagree with their expectations. Understood about needing the numbers in advance to avoid overcontribution in the current year; agreed that calling their support to see if they have a monthly statement available would likely be the best bet. | |
| Aug 10, 2022 at 5:52 | comment | added | pf_init_js | QTrade does provide what they call a Trading Disposition Summary (TDS) every year on Feb 28, but apparently that can be inaccurate (citation needed). But in any case, that's after you've had to determine how much to contribute (to stay under the limit), so it is only useful in retrospective, and not so much to avoid overcontributing. Asking their support is one option... | |
| Aug 10, 2022 at 5:35 | history | edited | pf_init_js | CC BY-SA 4.0 |
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| Aug 9, 2022 at 14:56 | comment | added | Grade 'Eh' Bacon | Does Q-Trade provide you with TFSA statements annually indicating contributions? I presume they should do so. The burden of converting correctly is on them, and barring serious error I suggest to just accept the numbers they provide you. | |
| Aug 9, 2022 at 9:00 | history | edited | pf_init_js | CC BY-SA 4.0 |
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| Aug 9, 2022 at 8:44 | history | asked | pf_init_js | CC BY-SA 4.0 |