How do I transfer or sell 1 share to someone else to allow them to start DRIPing?
There are 2 ways to do a transfer. First with a share certificate, on the back is a form which you would fill in with the transferee’s(Buyer) name & address, and then get it Signature Guaranteed as you sign it. Second, if you own shares through a DRIP Plan you can transfer 1 share (or more) from your plan holdings using a Transfer Form. This is basically the same form as on the back of a certificate, but you would have to fill in the company’s name. This would also have to be Signature Guaranteed. It’s highly recommended to give the transferee a letter written by you to the Transfer Agent stating you want 1 share transferred FROM your DRIP holdings to the Transferee.Then, in both cases the Certificate or Form is mailed to the Transfer Agent to register the Transfer, and a NEW certificate with the Transferee’s name on it would be mailed out.6. Can I DRIP inside my RRSP, RESP or Tax Free Savings Account (TFSA)?Not in the same, simple manner described on the DRIP Primer, since they are ta
