Capital Gains reporting in Canada

ijryder

I just checked the new T3 report for 2023 and found one error in the display. I had transferred some holdings from my Cash account to my TFSA account which triggers a capital gain/loss per Canadian reporting in my Cash account and subject to tax.

The new report displayed these transfers incorrectly as sales within the TFSA account. If this were the case they would not be subject to tax.

The transfers should be reported under the Cash account. In Quicken I had recorded them as Removal of Shares.