Q: Suggestion for Pierre.
You need Cdn. a/c & a US a/c.
Purchase a large cap. Cdn interlisted stock such as RY, TD, SU & so on in your Cdn. a/c.
Ask your broker to tfr. the purchased security to your US a/c.
Sell the security in the US a/c. You now have US funds.
There is some mkt. risk but is worth it considering the huge fees saved.
You can also do it gradually to lessen mkt. risk.
Cost is 2 commissions plus mkt. risk.
If you happen to already own an interlited, tfr. to US a/c & sell.
You need Cdn. a/c & a US a/c.
Purchase a large cap. Cdn interlisted stock such as RY, TD, SU & so on in your Cdn. a/c.
Ask your broker to tfr. the purchased security to your US a/c.
Sell the security in the US a/c. You now have US funds.
There is some mkt. risk but is worth it considering the huge fees saved.
You can also do it gradually to lessen mkt. risk.
Cost is 2 commissions plus mkt. risk.
If you happen to already own an interlited, tfr. to US a/c & sell.