I have a suggestion for anyone who has room in their TFSA contribution or has CUU in their non-registered accounts. As of January 1, 2013 we are all (Canadians) entitled to contribute $5500 to our TFSA. If you over contribute in 2012 you will pay a penalty 1% per month on the amount over the $5000 allowed in 2012 each month. However, if the overcontribution earns $$ in 2012 you do not pay penalty on the earnings. It might be worth your while to transfer up to $5500 in kind - approx. 4583 shares at today's price (shares, not dollars, do not cash $5500 worth of CUU shares and transfer cash unless it is to your advantage share price wise) to your TFSA trading account. In that case you would pay $55. per month in tax, total of $165.oo if done October 1st until December 31st, 2012. This means that if you get a share price increase in value. The share price would only have to increase by less than 4 cents to pay the tax for the over contribution - if I'm making a mistake here, please correct me.

My husband and I will both be doing this transaction on October 1st as it will save us any tax on income in the unregistered account (only on the earnings of the $5500 each, not on the balance of course). However, if we do get our premium/payout on CUU the earnings taxable on the profits will be much more (hopefully!) on that $11000. Anyway, I think it's a great idea and will be going for it. The only drawback for anyone out there is that you may not claim a loss on the amount that you transfer if indeed you have a loss on the investment funds. It's looking unlikely but everyone's average share price is different and if the final payout doesn't happen in 2012 then it is possible that it not work to your advantage. It doesn't take much to get advice on your personal situation. Here's a link to the CRA TFSA over contribution rules.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/txtn/xcssxmpl-eng.html#xmpl2