Q: This question is about transferring a Canadian stock traded on the TSX that pays dividends in US dollars, like TFII might be doing, to the US dollar side of the trading account and as such, holding the dividends in US dollars rather than the US dollar dividends being translated to Canadian dollars by the broker.
For example, is there a fee or charge to do this transfer? Is there a foreign exchange exchange charge? And when the Canadian stock is to be sold on the TSX, is there a foreign exchange gain or loss?
Any assistance like a link to better understand the ins and outs of this transfer maneuver and the cost implications, if any, would be helpful to me.........Thanks.....Tom
For example, is there a fee or charge to do this transfer? Is there a foreign exchange exchange charge? And when the Canadian stock is to be sold on the TSX, is there a foreign exchange gain or loss?
Any assistance like a link to better understand the ins and outs of this transfer maneuver and the cost implications, if any, would be helpful to me.........Thanks.....Tom