Q: Hello Peter!
I am getting ready to make my 2016 TFSA contribution.So far I had only contributed in CAD dollars and I hold in my TFSA only Canadian stocks.
For 2016 I have room for contibution in my TFSA for $10000.00 CAD.
I have in my US margin account $35000.00 USD ,my question is: can I use my margin USD to make contribution to my TFSA in USD for futer purchase of US stocks and how do I calculate amount to be contributed in USD to cover my limit($10000.00 CAD) for 2016 TFSA.
Andrew
I am getting ready to make my 2016 TFSA contribution.So far I had only contributed in CAD dollars and I hold in my TFSA only Canadian stocks.
For 2016 I have room for contibution in my TFSA for $10000.00 CAD.
I have in my US margin account $35000.00 USD ,my question is: can I use my margin USD to make contribution to my TFSA in USD for futer purchase of US stocks and how do I calculate amount to be contributed in USD to cover my limit($10000.00 CAD) for 2016 TFSA.
Andrew