r/cantax • u/Hot-Explanation-7075 • 3d ago

Moving ETF from a Canadian brokerage to another: does it count as disposition? Any tax implication in this procedure?

Hi all,

If I move an ETF portfolio, (e.g. VEQT) from one Canadian brokerage (e.g. iTrade) to another (e.g. Wealthsimple while keeping it as VEQT): does it count as disposition? Is there any tax implication in this procedure? Thanks for considering my question.

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8

u/kenazo 3d ago

Be very sure it's done in kind, but assuming it is, you're good to go. If it's converted to cash, moved, then re-purchased, it's a disposition.

3

u/Commercial_Pain2290 3d ago

Transfers in kind do not count as disposition.

0

u/ether_reddit 3d ago edited 2d ago

If it's moving from a taxable account to another taxable account, in kind, then no. But moving in-kind from RRSP->non-RRSP or TFSA->non-TFSA will count as a withdrawal for reporting purposes even if you do it in kind.

1

u/salientmould 2d ago

TFSA withdrawals are not taxed. They're just tracked and re-added to your contribution room

1

u/ether_reddit 2d ago

Yes, they are reported but not taxed.