Help with math - TD Waterhouse, US RRSP
As I've recently learned TD Waterhouse basically cannot handle US funds in RRSP
So if I want to buy a US dividend-paying stock in my RRSP I am going to get hit with:
- Conversion to buy stock
- Conversion on every dividend
IF I drip the stock (just rebuy with dividend.. no official discount or otherwise...)
- Conversion to cad on dividend
- Conversion back to USD on buy
Can anyone help me figure out just how much money I'll be losing as a result? I really like the idea of keeping everything in one place but I'm wondering if it's worth it to open up a questrade RRSP JUST for USD and drip some US stocks there...
So if I want to buy a US dividend-paying stock in my RRSP I am going to get hit with:
- Conversion to buy stock
- Conversion on every dividend
IF I drip the stock (just rebuy with dividend.. no official discount or otherwise...)
- Conversion to cad on dividend
- Conversion back to USD on buy
Can anyone help me figure out just how much money I'll be losing as a result? I really like the idea of keeping everything in one place but I'm wondering if it's worth it to open up a questrade RRSP JUST for USD and drip some US stocks there...