RE: RE: re- transfering shares. In May 2012, we opened my wife's TFSA ($20,000 eligible) but to get my MMT shares into it from my IA, we had to open a "Joint IA". I'm looking at the JIA as we speak. 50,000 shares were transferred INTO the joint account from my personal account at a "book value" of about $11,330. That same day, 20,000 shares were transferred FROM the joint account TO my wife's TFSA with a "book value" of $19,600. So no capital gains transferring from my personnal IA to the Joint IA, but I/we will have gains for withdrawing FROM the joint account. Bonus was that I paid NO fees for any of the transactions!! Back in 2010, when I opened MY TFSA, I did the old sell, wait 3 days, transfer cash and rebuy. Luckily I sold at $0.18 and bought back 3 days later at $0.165 ... lol. I'm not sure if that sell was a gain or a loss at the time!?!
As for the LIRA, I plan on moving half to my existing RRSP (apparently RIF not required) and start drawing this year on the other half which will be moved to a LIF. I will immediately contribute those withdrawls to my RRSP (I have mega room) so as to offset any tax cosequences. Question for 5wood (you seem to have experience in this area) when the time comes for my "mandatory" withdrawl from my LIF, will I be "forced" to sell some stocks if there is not enough cash in the account? I don't have a real broker and my "banker" is learning the ropes along with me as we wade through the beaurocratic paper swamp this nightmarish account has created.
Finally, I hope you're right about using the previous day's close for transfer purposes ... I see preopening bids at $1.72 at the moment!!