RE:RE:SpinCo/TgodThe rules are such that private companies are ineligible for a registered account. Consequently, I am uncertain as to what will happen. Hence, I wrote the company.
Here are a couple of possible senarios.
- The transfer agent or say Computershare will not place throught the transfer
- TGOD refuses to transfer since if they are aware that there it is a registered account
- MOST LIKELY - The transfer goes through and you have the warrant however the broker refuses to exercise since the investment is ineligle for a TFSA.
- Other
That is why I was thinking to simply take out your TGOD shares from your TFSA prior to the date of recocrd for the distribution. The warrant ends up in your cash account and you exercise here. On Jan 1, your withdawal in 2018 means that your contribution limit for 2019 has increased by the same amount and recontribute your TGOD non restricted shares. The only issue is that the price may have inceased in which case you cannot contribute the original quantity (ok, could have also decreased but probably doubtful with the January effect on stocks ...).
I will advise as to what the company says.