KK2 - CRA could not care less if you sold 500 units of anything 4 times a day for 25 consecutive trading days to eliminate a single  position of 50,000 shares or warrants. Yes that would be 100 trades over that time. The operative wording there is a single position. CRA made it clear a number of years ago that they wanted to illuminate trading as a "business" within the TSFA accounts but not to thwart "normal" portfolio management. Averaging in or out of a single position is not what they are trying to illiminate at all. Selling a single position in small amounts that you have held for 3 months or more is not the type of trading abuse that they are looking for.  narmacs suggestion about raising a little cash and doing it piecemeal would work fine if your brokerage couldn't come up with a solution. If this works out the way we hope there will be a number of people on this board and many more that will have more than a million in their TSFA's. Having 20 or more positions in an account that size would be "normal" portfolio management and each of those position may need tweaking a couple of times a year which would also be considered "normal" portfolio management in that situation. Your concern about this issue is unfounded.

fouremm - could you please oppin on this subject.

tada