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Canadian Investing / Canada - RRSP Strat / Taxation

URL:  http://boards.fool.com/you-write-quotcould-you-buy-us-securities-in-29119917.aspx

Subject:  Re: Help - A Canuck living in the US Date:  2/21/2011  10:26 AM
Author:  SnowdriftFool2 Number:  1180 of 1193

You write: "Could you buy US Securities in your RSP? like SPY? "

Dear airahcaz,

As of the 2005 Federal Budget there have been no restrictions on foreign investments inside Registered accounts in Canada. US securities are thus eligible, as would be SPY. But check with your broker how they will be held and paid for. Some brokerages make lots of money by buying/selling for you on the currency spreads (i.e., you pay US funds for the stock but the account is debited in C$ at some rate taht is disadvantageous to you). Generally, y