Q: hello 5i:
regarding the CVRs issued and your comment on shares held in an RRSP: does this also apply to TFSAs? If they have no value, and can't be taxed anyway, I fail to see why they can't be held.
thanks
Paul L
regarding the CVRs issued and your comment on shares held in an RRSP: does this also apply to TFSAs? If they have no value, and can't be taxed anyway, I fail to see why they can't be held.
thanks
Paul L
5i Research Answer:
It is simply a CRA regulation that securities in a registered account must trade on a recognized exchange. So this does apply to TFSAs as well.
https://www.canada.ca/en/department-finance/services/designated-stock-exchanges.html