Us investing
I do a lot of us investing and have been wondering if it's really worth it in the end. I use td Waterhouse although I've applied to virtual brokers
1. Converting money into us dollars not only incurrs A forex spread but there's also a giant fee they charge me every time I put savings into us investing account
2. Are taxes any different for us investing vs Canadian? Ie do we get hit harder for investing in a foreign country? What about taxes on us stocks paying dividend income?
3. Can you invest in us markets in a rasp? I've never bought into an rrsp as I've always thought they were for Canadian stocks only.
I've always thought the us markets had higher growth than the tsx, but maybe not with all the extra fees and penalties.
Do you people invest in us or Canadian markets and how do you view the relative performance of each after tax and fees?
Thx.
1. Converting money into us dollars not only incurrs A forex spread but there's also a giant fee they charge me every time I put savings into us investing account
2. Are taxes any different for us investing vs Canadian? Ie do we get hit harder for investing in a foreign country? What about taxes on us stocks paying dividend income?
3. Can you invest in us markets in a rasp? I've never bought into an rrsp as I've always thought they were for Canadian stocks only.
I've always thought the us markets had higher growth than the tsx, but maybe not with all the extra fees and penalties.
Do you people invest in us or Canadian markets and how do you view the relative performance of each after tax and fees?
Thx.