I just transferred shares from my Cash account to my RRSP which had room. Yes I will have to pay taxes on capital gains from 0.62 to $2 but now the gains from $2 to ? will be tax sheltered. Plus I am getting a bigger RRSP contribution because of the growth in my cash account which will offset some of the capital gains taxes I will have to pay. Unfortunatly, there is no deduction for contribution to TFSA accounts. The other issue is will the bank allow you to transfer shares worth more than your $5000 allotment to your TFSA account. It is your money and your decision but they may not like being involved in this game.

I do have more shares in my cash account which I would be interested in transferring to my TFSA account if this works but I will wait for Strato to give us the official word on this. Thanks Ken and Snezzer for looking into this, much appreciated!

Glorieux