Your brokerage will convert unless you own it in your us account. It's cross listed so you can buy on the TSX and journal to the NYSE.MrDisco wrote: ↑Aug 12th, 2017 6:23 pmi've seen AQN on a few different recommended lists and it has me inclined to purchase some shares. A few things I'm unclear about:
- the dividend is paid in USD. does my brokerage convert this to CDN before paying out, or will it get deposited straight into my USD cash account?
- does this complicate things as far as taxation goes?
- I've read over their DRIP's PDF file and I'm unclear how exactly it works with respect to getting enrolled if I say have all my stocks with Questrade. How will they know to buy shares at the 5% discount with my dividends?
There are no taxation issues as it's a Canadian company. The drip is a treasury drip where AQN is issuing new shares. All your brokerage will need to do is enroll.