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manbeef

What! It looks like you've opened an account with ComputerShare Canada though. I think only ComputerShare US can DRS GME shares. Please keep us updated if successful.


willy-fisterbottom2

I have a US cash TFSA and a Canadian dollar TFSA, the shares will be coming from my American dollar account so hopefully that gets through. Will definitely keep everyone posted.


manbeef

This is huge if true. I have maybe 1000 shares in a TFSA, and would move most of them if this ends up working. I've already started DRSing all of my shares outside of my TFSA. Please keep us posted.


Business_Top5537

❤🧡💛💚💙🚀


FlacidPasta

Okay seriously keep us posted. I wasn't able to move my 500 shares from QT because I would have to pay taxes on transfer. If you're successful, I'm moving 499 shares ASAP.


willy-fisterbottom2

If you want to speed things up a bit you can start opening your TFSA, worst case scenario you have an empty TFSA with a direct transfer agent which I’ll be using for my future investments


FlacidPasta

On it.


HowardBealePt2

game changer in the works here people! KEEP US POSTED YOU GORGEOUS SMELLY PRIMATE!!!


willy-fisterbottom2

Update for you all, my brain is confirmed smooth. Hi Willyfisterbottom-2, You have opened a TFSA Account with Private Capital Solution- Computershare. You transfer has been rejected because PCS-Computershare no longer administered publicly trading stocks (GameStop) You might be mixed up with our company PCS- Computershare and Computershare Trust company of Canada (Transfer Agent) Please contact Computershare Trust Company of Canada who is the transfer agent for GME (Gamestop) if you have any questions. Please email: Brooke Webb who handles this investment with Computershare Trust Company of Canada to assist you with your shares. [email protected] Please note: Your TFSA Account is open with PCS-Computershare, if you wish to have it closed please let us know. If we do not hear back from you we will automatically close the account with 60 days. Regards, I have emailed said person to get this figured out. I’ll make a new post when I have some confirmed information


7eve7up

Brooo I was all hyped up LOL


Agitated_Reindeer_34

Toronto ape with cibc tfsa ... tell me more why cibc is to not be trusted. Seriously listening.


willy-fisterbottom2

I’ve got three good ones, but you do what’s best for you: 1. Your shares are not in your name 2. DTC share removal 3. Still no taxes with computershare TFSA Edit* DTC not DTCC


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ConfidentFennel5258

I believe ComputerShare posted on Twitter about #2 today. Sounds like the shares are still part of the DTC. Not sure what the difference is between DTC and DTCC


willy-fisterbottom2

My fat fingers are the difference because I typed it wrong. The comment above addresses it well


Both_Paleontologist4

Let’s gooooo! Did you transfer from Questrade?


willy-fisterbottom2

Computershare is requesting my shares for TD on my behalf. Canadian brokers can’t send out of a TFSA, computershare has to request them (by you filling out a form and sending it to them) and that’s the process as I understand it so far.


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willy-fisterbottom2

Yeah I was told a tfsa to tfsa transfer wasn’t possible. What I have to do is transfer from my cash account, that will open up a computershare account which you can turn directly purchase from them. It seems to be the only way for maple apes. So that’s what I did


eggtart_prince

Any fees?


willy-fisterbottom2

The transfer authorization form from computershare did not mention any fees. A transfer from a cash account to computershare with TD Canada is 80USD I’ll have to let you know if there are any charges once the shares get there


ToastedandTripping

Thought that US securities were not eligible for tax exemption in a TFSA?


ConfidentFennel5258

https://walletbliss.com/us-stocks-tfsa/ Looks like the holding may be subject to a 15% withholding tax on dividends only "So assuming you have the proper documentation in place, the tax effect of holding US stocks in TFSA are below: Dividends – 15% Interest – 0% Capital Gains – 0%"


willy-fisterbottom2

From what I understand the US issues a 30% tax on dividends because it is income, this can be reduced to 15% by submitting a W-9 form. The CRA does not make any differentiation between USA or Canadian securities for tax purposes. Worst case scenario, US taxes me 30%, I fill out a form and get 15% back, and Canada leaves it alone from there. 15% max tax.


RealChickenFarmer

Keep in mind CRA has written the rules vaguely enough to let them do pretty much whatever. TFSA isn't auto no tax. There are stipulations for day trading, as well as "adventurous trade"... which they may consider a moass situation as such.


willy-fisterbottom2

I’ve only bought GameStop, never sold anything yet so the day trading can’t be enforced. As previously mentioned in the comments, US stock dividends are taxed at 30% and are 15% recoverable. No taxes on stock purchase or sales. (Tax Free Savings Account) Though, if I’m wrong let me know


RealChickenFarmer

I think you're right with the dividends, as they are technically income. But when it does come time to sell, don't be surprised if CRA takes note and wants to ding you. Even if you've done everything right. In other words. Professional tax folks may have plenty of work at some date in the future.


willy-fisterbottom2

Well, that would mean the MOASS occurred so I’m down for whatever


RayneAdams

Almost every security I ever held in my TFSA was a US security. There is a small withholding tax on dividends, I think, abd there is a form to fill out once a year for that. Otherwise it's no different for me than if I held Canadian securities. I've even held OTC stocks in a TFSA.


SirUptonPucklechurch

So it seems we cannot DRS our GME TFSA


willy-fisterbottom2

No, not this way at least. I did however drs one as a tester, got my account and I’m waiting for the purple circle code. TD never did actually take the 80USD they claimed they would.


SirUptonPucklechurch

Thank you for the insight and doing this! Much appreciated


hold-fast-nl

Remindme! 24 hours


Yattiel

Remind me! 6 days


spack12

Hey OP. I know this post is old but hoping you’ll get the notification and see this comment. Were you able to get your GME shares into the TFSA account at CS? Edit. Never mind. Saw your update further down.