Swapping RRIF stocks
Q – I want to swap $30,000 worth of CSBs outside of my RRIF with $30,000 worth of stock which is inside my RRIF. The stocks have appreciated about 100% since I purchased them. What is the adjusted cost basis for the stocks when I move them outside the RRIF, i.e. if I sell the stocks in the future will I have to pay capital gains on based on the purchase price of $15,000 or on the swap price of $30,000. Alternatively, I could sell them and perform the swap with cash and repurchase the stock outside the RRIF but I am looking to save the fees. – G.W.