I think that what you are meaning to do is take something that you already own and deposit into this account.

This can be done, but the condition is that you pay the capital gains on the investment up front.

If you bought shares at 1.00 last year and want to move them into this account, you would need to take the value of the shares today and minus the value when you bought them. if today they are worth 1.25, then you would need to pay capital gains tax on the .25 cents profit.

The shares would then be deposited into the account at the value of 1.25, which means that you could place 4,000 shares into your account.

If the shares were to make more money and you sell them at a later date, the gains would now be tax free.

When you open the account, I assume that we can place 5,000 in a holding account from which to buy what we want to put into the account, such as GIC's, stocks,mutual funds, ETF's etc...

or as I do now, my stock transactions are directly paid from one of my RBC accounts, and the shares are deposited into my trading account.

hope that helps further

AK