My understanding from my accountant and what I did was to transfer all stock from an unregistered account to my tax free savings account. This meant that I did not sell the stock, and did not receive any cash for it, therefore no capital gain or loss. If I would have sold the stocks prior to transferring and received cash, then I would have capital gains or loss. Then I could transfer the cash into a TFSA. Once in the TFSA, a person can, and I did, trade other stocks within the portfolio without a penalty, even though the current amount is above the $5000.
I know this is OT, but the board seems to be quiet today with NOT taking a breather.
GLTAL jimmied