Q: TD allows you to have a TFSA in both Canadian and US dollars. If I hold a Canadian company that trades in the United States in the US TFSA is there a withholding tax on the dividend? Would it make a difference if the Canadian company pays the dividend in Canadian or US dollars. For example, Royal Bank pays in Canadian dollars but trades in New York and Bep.un also trades in New York but pays its dividend in US dollars.also, would you recommend holding Canadian companies in a US TFSA or should one strickly hold American companies.
Thank you.
M
Thank you.
M