TFSA Transfer Tip ... Use lowest price of the day
On any trading day, you can call up your trading agent and ask to transfer shares you own into your TFSA, at the lowest price traded for that day. This is handy to get more shares into your TFSA. Revenue Canada only counts the dollar value contributed. Let's say PLI rises by 20-30% one day, you could get your shares in at lowest price for the day and keep the gain tax free. The transaction is treated by CRA as if you sold the stock that day at the low strike price... Any capital gains/losses would apply upon your settlement day. Remember to respect annual nominal contribution limits to TFSA.