RRSPs for incorporated small business owners with Tim Cestnick
beyond MD with Dr. Yatin Chadha
00:00
How to Transfer Shares of Stocks to an RSP
In-kind transfers to RSPs can be a problem if you're moving an asset from your personal hands. You may have a capital gain or a capital loss just by making the transfer. What you're better off doing is actually selling an asset in that case on the open market, taking the cash and putting it into your RSP. Here's a small benefit people might want to be a take advantage of. If your corporation contributes to your RSP on your behalf, it still gets reported as salary like a T force, included on your T4 slip. But you can avoid the withholding tax with holdings that would normally get sent to CRA.
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