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I am new to trading and ended up opening a margin account rather than a TFSA a few months ago. I know I can sell my stock and then buy it again in the TFSA, but the stock price has gone up and I am afraid I have to pay a lot of tax! :(

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    I'm pretty sure you are going to have to pay tax on the increase in value between when you bought it and when you transfer it to the TFSA.
    – DJClayworth
    Commented Feb 26, 2021 at 19:35
  • money.stackexchange.com/a/136583/13241 , read the linked document pg 4.
    – brian
    Commented Feb 26, 2021 at 20:07

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Even though no actual sale and repurchase is done, it is considered a sale in the margin account and a purchase in the TFSA for income tax purposes (i.e. Capital Gains)

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