Re: New Insider filing dated Feb 12 - Change in the nature of ownership
posted on
Feb 15, 2020 01:20PM
"GAC, everything is taxable in a RRSP when you take it out of the RRSP. It gives you the flexibility to withdraw a small portion every year to flatten the impact of marginal taxation."
George Brad may still need to pay capital gains tax at the time of transfer if the stock has gone up from when he first purchased it before transfer to an RRSP. ( Or conversely claim a loss if it went down)
Koo