Investing

Transferring from TFSA to Margin

  • Last Updated:
  • Dec 21st, 2019 12:04 pm
[OP]
Deal Addict
User avatar
Aug 22, 2008
1291 posts
65 upvotes
Toronto

Transferring from TFSA to Margin

I have a delisted stock in my TFSA account that has book value of ~$5000 on Questrade. I am wondering what my options are in terms of this loss?

If there are any ideas or options, please let me know.

Thanks
3 replies
Sr. Member
Jun 28, 2018
857 posts
593 upvotes
Toronto
You can ask Questrade to liquidate it. It's more relevant with non-reg account so you can capture the capital loss. However, it is possible you lose any possibility of recovering anything IF the stock ever re-lists in the future.

https://questrade-support.secure.force. ... securities

Fill out this form: http://media.questrade.com/downloads/ac ... 1576891446

Some investors like myself keep it as a reminder of being an idiot. Blue Scout Technologies SCT (Previously Catch The Wind CTW.S). Bought during the hype over renewables and wind power (2009). Their main product was a wind detector that allows a wind turbine to turn and catch the best wind to increase efficiency. Then everything fell apart. Lost maybe $2.8k, which was a helluva lot for me 10 years ago and still would be an ouch now. Though I did make a tiny bit of money off a wind farm stock getting bought out Canadian Hydro Developers KHD.
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[OP]
Deal Addict
User avatar
Aug 22, 2008
1291 posts
65 upvotes
Toronto
johnnychi wrote: You can ask Questrade to liquidate it. It's more relevant with non-reg account so you can capture the capital loss. However, it is possible you lose any possibility of recovering anything IF the stock ever re-lists in the future.

https://questrade-support.secure.force. ... securities

Fill out this form: http://media.questrade.com/downloads/ac ... 1576891446

Some investors like myself keep it as a reminder of being an idiot. Blue Scout Technologies SCT (Previously Catch The Wind CTW.S). Bought during the hype over renewables and wind power (2009). Their main product was a wind detector that allows a wind turbine to turn and catch the best wind to increase efficiency. Then everything fell apart. Lost maybe $2.8k, which was a helluva lot for me 10 years ago and still would be an ouch now. Though I did make a tiny bit of money off a wind farm stock getting bought out Canadian Hydro Developers KHD.
Thank you for the reply.

I understand in a non-reg account I can capture the capital loss. From what you're saying, it might be best for me to keep it since it's worthless at this point anyways, and hope that one day it'll be listed again?

As per keeping it to remind myself I'm an idiot - totally agree that it can be used for that purpose as well lol.
Deal Fanatic
Feb 4, 2015
6418 posts
2815 upvotes
Canada, Eh!!
Have one like that as well... every so often I ask broker to remove... they agree... but it still shows up. Funny thing is that a few years ago it was removed [had not asked] but then came back!!

Like said above... good reminder of bad investment!!
.......
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2020: BOC dropped rates 3 times and MCAP waited and waited to drop its prime rate to include all 3 drops.

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