Sorry Jon202 (and anyone else), if I wasn't clear.....
I want to set up a holding of AET.UN within my TFSA. As I understand it I would transfer $5000 into the TFSA, then would purchase roughly $4970 worth of AET.UN, with approximately a $30 transaction fee. I believe I can order the share cert. and pay for that with money outside of the TFSA, as it isn't part of the investment, it is merely needed to register it under myself.
From that I would obviously be able to contact Computershare to set up the DRIP. I was just wondering if anyone else out there had set up a DRIP within their TFSA, and if so how the process went.
Which then makes me wonder a year ahead, as if the DRIP is set up, then I could use the SPP to purchase next years $5000 TFSA limit also, avoiding the $30 transaction fee through TD Waterhouse. (and I know that AET.UN has a $3000 SPP monthly maximun, so it would have to be done over the course of 2 months) But for tax purposes, how would Revenue Canada know that the intention of the 2nd years $5000 was to be held in the TFSA?