Closing 1 Trade ($PYPL, $IAC) + MORE Dec 4th

(Freeimages.com / Rober Owen-Wahl)
 
I have a few hundred thousand dollars in mutual funds in my RRSP at a large investment firm. I want to move this money into a self-directed RRSP at an online brokerage. Can they charge me a fee for taking my money elsewhere? If so, is it normal for the brokerage receiving the new money to reimburse these charges? – Bill
Just about every investment dealer charges fees to transfer registered accounts, such as RRSPs and TFSAs. The typical fee is $135 to $150, plus taxes, per account.
Since you’re a departing client, the firm has no real incentive to make you happy, so it is unlikely you’ll be able to negotiate on these fees. The good news is that many brokerages will reimburse these fees when you open a new account and transfer a significant amount of money. But do your research beforehand, because every brokerage has a different policy, it may not be consistent, and they may not advertise it openly.
Bill, the fact that you have a six-figure sum to transfer puts you in a good position…

This morning, I will be closing one of the 4 live trades that I currently have on, the one where I went long Paypal (PYPL) vs. Short IAC Interactive (IAC). I continue to be a strong believer in Paypal and you can expect me to buy the stock in 2018 when I get back to trading:) As I wrote recently on SeekingAlpha, I do think Paypal has a very good opportunity to be one of the dominant payment players online which would be incredibly valuable. They are coming under attack from the likes of Apple, Google, and Facebook but I do like their odds.
The 2017 returns stand at 7.71% which is not bad at all. I will be closing the trade on the open today, you can go see this year (and past years) trades here:

http://www.intelligentspeculator.net/livetrades

Q. I have a question about reporting capital gains realized in the United States as a Canadian citizen. When I was younger, I received some certificated shares of DE (NYSE) in a trust account as a gift. The shares have since split 2-1, and I sold all shares online this year. On the trading platform (Computershare), there is no Adjusted Cost Base (ACB) for the shares listed. My questions are:
1) How do I calculate the ACB for these shares?
2) As a Canadian, how do I report the capital gain on my taxes next year? Do I need to file with the Internal Revenue Service (IRS) or can I only file with Canada Revenue Agency (CRA)?
Thank-you for the question, Ben
A. The Adjusted Cost Base (ACB) of the shares, which is a calculation used to determine the cost of an investment for tax purposes, is their fair market value at the time you acquired them. You can find historical pricing online for almost any stock that is still listed.  If the stock was acquired before 1972, the ACB will be the value on December 22, 1971…

Canada finally dips below key threshold. Plus, what to expect from the Bank of Canada this week