Serbinski Accounting Firms

Thanks for your advice. Yes I didn't contribute (my online broker wouldn't let me once I moved) but there were some gains.

A bit peeved at my husband's CPA firm who didn't have the correct answer back in 2015 when I brought it up.

I don't want to be penalized for not claiming the gains.

Ah OK then. That should be no problem. If the growth occurred in 2017 I will have to amend my 2017 return, correct?

Thank you.

OK so if I gift it to him, I must first declare the entire TFSA amount as income and then gift that same amount? Yeah, that seems like a wash.

I suppose I could just liquidate it, report that income on my current tax year, put the amount in my traditional IRA (non-deductible) and then convert it to ...

Hi - I immigrated to the USA a few years ago. I stupidly did not close my TFSA. Its a small account - under $10,000. I would like to transfer the whole thing to my brother, as he hasn't contributed a cent to one and has plenty of room. Is this even possible? What are the tax implications for me as a ...