You can also request a transfer of investments into a TFSA from another Questrade account using the “REQUESTS” -> “Transfer Investments” page.
If the investments are originating from any account other than another TFSA, these also count as contributions.
The contribution amount is represented by the market value of the investment on the date of the transfer request, and you have different options as to which price is considered the “market value” depending on the type of investment.
Type of investment | |
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Stocks, Options and ETFs | High of the day, low of the day, or closing price on date of request |
Mutual Funds | Closing price on date of request |
Bonds | Closing price on date of request |
Physical Gold/Silver | End of day price from the previous business day (Approximately 5:15 pm ET) |
Note: for Available prices, the closing price will reflect the day in which the funds settle, and not always the day in which the request is made.
To indicate which price you’d like Questrade to use for determining your transfer amount, you can leave a comment on the request after it has been placed.
Simply click the “Request history” tab, and click “Add comment” for the request indicating which price you’re using.