In this video I ask the question, “should Canadians buy US stocks in their TFSA?”
TFSA US STOCKS
Please remember that while I’m a big fan of investing in the US market, I also love our Canada and know there are great investments here in CAD.
Also, note when investing in a TFSA in the US, you will be charged withholding taxes on any dividends you make. Capital gains in this scenario are tax-free.
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[Not financial advice. I’m not a financial advisor. I am a guy with a paper bag on his head who loves investing and thinking about the future. Do your own research and think for yourself.]
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I come from an engineering background, but began investing in 2009. It’s been a journey of learning since then but have been able to return over 20% per year CAGR (compound annual growth rate) with my investments. I hope to continue to meet or exceed this return over the next 10 years.
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Hey paper bag man. So I have about 4K in sphd and spyd in my tfsa. Been getting dividends which I know they take 15% in withholding tax. I’ve been thinking about this and was wondering if I should sell this and buy into a growth us stock. What would you recommend. I know capital gains would be tax free so I figured it may be better to invest that 4K in a growth stock. Please let me know what you think would be best to do. Thanks
I love your face!
Dude can you format your channel like brad hall’s channel?
How about US stocks with dividends? Do you still recommend tfsa although there's 15% withholding tax for dividends?
Do u get taxed for capital gain on US stocks in TFSA ?
This is the 'Canadian in a T-Shirt' when he's cold and wants to wear a sweater. Great vid
if I am an american and buy US stock in 2018, sell in 2020, $1000 return, I will have a tax on the capital gain. But as a Canadian I buy the same US stock in 2018 in my TFSA account, sell in 2020, same return, I don't need to pay capital gain tax? Wouldn't US put a FWT Foreign Withholding Tax on the $1000 capital gain? Don't quite get it. I understand that US will put a FWT tax if this stock yiled some dividents when I am holding this stock. but don't understand US will not put a FWT tax on the capital gain for Canadian in TFSA account. And also if this is not in TFSA account, would US put the FWT tax on this $1000 capital gain?
AWESOME VIDEO MR PAPER BAG!
3:30 hahahaha
WHAT…Tesla isn't Canadian!?!?! hahaha. Awesome video man! I actually had no idea the TSX was the top 250 companies in Canada…:S