How do I move stocks into a TFSA? Who sets up and holds a TFSA with my stocks in it? I want to retain the stocks. - Investing Questions (2024)

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How do I move stocks into a TFSA? Who sets up and holds a TFSA with my stocks in it? I want to retain the stocks.

Submitted by: – Ken

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A representative at a bank, trust company, or registered investment firm can help you set up and move stocks into a Tax-Free Savings Account (TFSA). The TFSA would be held at that financial institution or investment firm. You would remain the holder of the stocks if you transfer them to a TFSA held in your name.

There are some tax considerations if you’re thinking of moving stocks to a TFSA. Speak to a registered financial advisor or tax professional to learn more about this type of transfer.

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How do I move stocks into a TFSA? Who sets up and holds a TFSA with my stocks in it? I want to retain the stocks. - Investing Questions (2024)
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