Q: A comment, not a question:
Brett asked you a question on 2 DEC 2021 regarding buying US shares in his TFSA --> whether to first purchase USD and buy US stocks in a USD TFSA account or simply buy US stocks using CDN dollars in his (presumably) CDN TFSA account.
My experience in buying US stocks with CDN dollars in a CDN TFSA account is that in the event of a sale of the US stocks, my online brokerage (CIBC's Investors Edge) automatically converted the sale proceeds into CDN dollars. Which I didn't necessarily want done, but I wasn't given a say. Ultimately, I opened a US banking account to transfer USD into my US TFSA account. Sale proceeds of US stocks are kept in USD and I am free to convert back into CDN dollars. Or not. Which I prefer to the alternative.
I hope my experience helps Brett and others.
Brett asked you a question on 2 DEC 2021 regarding buying US shares in his TFSA --> whether to first purchase USD and buy US stocks in a USD TFSA account or simply buy US stocks using CDN dollars in his (presumably) CDN TFSA account.
My experience in buying US stocks with CDN dollars in a CDN TFSA account is that in the event of a sale of the US stocks, my online brokerage (CIBC's Investors Edge) automatically converted the sale proceeds into CDN dollars. Which I didn't necessarily want done, but I wasn't given a say. Ultimately, I opened a US banking account to transfer USD into my US TFSA account. Sale proceeds of US stocks are kept in USD and I am free to convert back into CDN dollars. Or not. Which I prefer to the alternative.
I hope my experience helps Brett and others.