If you have a reasonable standing with your broker there should be no need to wait the 3 days - this ruling has everything to do with banks clearing periods where funds flow from one institution to another, but even today with ACB there is no need to hold onto these clearing rules.
Since all scrip today is held electronically and you don't have paper share certificates which have to be dematerialized of certificates split it is ludicrous that the broker insists on the window period
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My thoughts exactly. What made it worse was that they told me that I can always deposit new funds & then draw that amount again afterwards. No problem, right? Except that this was in a TFSA...so if you withdraw any amount, you lose that "forever". Just bad advice I think.
Anyway, the brokerage on the amount I wanted to buy won't be gigantic, but ja, still would have been nice.
