DRIP's & TFSA

[cannew]

(05-25-2015, 12:31 PM)Russellhantz Wrote: Sorry little behind on this. Why aren't we able to drip in TFSA and RRSP? I dont have enough in any stock to drip yet but was planning to put most in a drip eventually.

I know i've seen synthetic drips in my brokerage so not sure why we wouldn't be allowed to drip the old fashioned way.

With most companies you only need One share to begin a drip. You need to get the share in your name or transfer a share by DRS to the Transfer Agent. As mentioned the main advantages of drips' No fee, can invest small amounts and Full dividend reinvestment.

The only broker who does full reinvestment is ShareOwners.