RE:RE:Rights Offeringjetstream wrote: My understanding of TFSA accts is that TD has to know what the rights are trading at before they
become TFSA stocks. They cannot put the rights into a TFSA until they know what the bid and ask is. The exchange just accepted them so let the system work through this.
This is why you do not want any big NR's coming out before they have a trading prce for these rights otherwise you have your TFSA limit to worry aabout,
The .06 is what the rights cost but the TFSA has to know what they will start trading at before adding them.
The shares were effectively bought at $0.06 per. You had to have the money for that in the acct. It would not matter what they go to, that would not matter to your limit. Only thing against your limit is the purchase price.