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Message: TFSA's, RRSP's, and POET

I did the same thing a couple of years ago. Had to sell within my RRSP, move the money to a regular td account, less 26% withholding tax, transfer the money to my TFSA then buy back POET shares. All this took 5 or 6 days to clear and POET was fluctuating at the time so I probably paid 30+% premium to move the same number of shares to my TFSA. On the positive side, when POET starts moving I will be much better off. I am thinking of biting the bullet this year on the rest of my RRSP's and moving them out into my regular accounts. I turn 70 this year and will have to convert to a RIF next year anyway. I have enough faith in POET that I think this would be the most beneficial thing for me (and my kids eventually).

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