RE: Rights issueIf your TSU shares and rights are held in your brokerage account then all you need to do is phone them and confirm that you wish to exercise your rights__but you have to do this in the next two weeks.
And yes, the rights in your TFSA and in your trading account will be treated as two seperate transactions__you will need to exercise the rights in each account__again by simply phoning your broker.
The one issue with rights in a TFSA will be where to get the cash for the exercising since most investors keep their TFSA maxed out with regard to the annual 5000 contribution limit__and there are pretty nasty penalties for overcontributions.
So to exercise your rights in your TFSA you will likely first have to sell something in your TFSA in order to raise the necessary cash for the exercise. You will need to raise 16.3575 cents for each right you have in order to get the maximum 2.72625 new shares at 6 cents each. You can also sell your rights in the open markets at the current 1/2 cent bid price.