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How to Buy US Stocks in Canada | QUESTRADE Guide to Investing in America | Step by Step Tutorial

Frames How to Buy US Stocks in Canada | QUESTRADE Guide to Investing in America | Step by Step Tutorial

Description How to Buy US Stocks in Canada | QUESTRADE Guide to Investing in America | Step by Step Tutorial

Comments How to Buy US Stocks in Canada | QUESTRADE Guide to Investing in America | Step by Step Tutorial

Check out my NORBERT'S GAMBIT TUTORIAL to learn the BEST way to convert CAD into USD This is the BEST way to buy US stocks while avoiding currency conversion fees! 🇨🇦🇺🇸br youtube/q6Q1dzK8vts Comment from : @CanadianTShirt

I would prefer if Questrade provided separate accounts for CAD and USD like most other brokerages do Comment from : @John-tp5gc

And if I have USD ? Can I use it for investments at Wealthsimple? Comment from : @VladaBerryOfficial

Hi Adrian what's the ticker symbol for snp 500 stocks or index fundnot the etf thanks Comment from : @shihadddd

I have a question I’m a Canadian I have Canadian tfsa account I have funds in Canadians dollars Is it better to convert my funds into USD first and buy us stocks that way or should I buy us stocks using my Canadian dollars? Cuz either way I still have to pay conversion fees Comment from : @Oo2k10

This is a great approach for transactions in registered accounts but if we do the same in non-registered account, it will trigger capital gains when you sell DLRU & there could be huge tax implications for large investments in the same year How would you get such benefits in Registered account without triggering capital gains? Comment from : @sunpriya837

Hi Adrian, could you please make video on how to hedge US investment against CDR? Any cheapest way like buying CALL or PUT? Comment from : @dhavalchaudhari4880

is it questrade is the lowest fees to buy USD stocks in Canada? Comment from : @shaolongchen

I recently started mommoo using your link I’m pretty new to trading I bought US stock in TFSA I didn’t do any currency conversion before I bought my US stock The transaction was successful Is it the correct method or should I convert my CAD to USD in momoo before buying US stocks? Comment from : @CanuckMalayali

What do you mean by drip? Comment from : @satindersingh780

Hi question i am about to buy etf SPYI for about $20,000 cad it gives around 12 dividend yield i currently use wealth simple but i get charged usd to cad conversion fees every time i withdraw my monthly dividends if i seitch to Qestrade will be charged conversion fees every month if i withdraw the dividends? Comment from : @shahbazsandhu

I've been trading on uSMART SG for a few days, and I've learned a lot of stock-picking techniques by following their experts, and SGD can be traded directly without exchange Comment from : @AndeeLee-yi4ot

I have one question that as I like to buy and sell stocks instantly like day trading But, when I use questrade, I cannot buy or sell instantly It will always take 1-3 hours to buy/sell even at the current market price Is there any solution Thanks Comment from : @ShitijSingla-eb5pq

Do you have an update on this as Wealthsimple has a US account now Would love to see the difference now Comment from : @julieb3581

Hii! Thank you for the video 😊 I have US stocks & ETFs in WealthSimple, along with Canadian ETFs I was wondering if it was possible to ONLY transfer my US stocks & ETFs to Questrade, but keep my Canadian ETFs with wealthsimple I don’t have a Questrade account as of yet Thank you! Comment from : @ManvirGill-n9l

I'm planing to invest CAD 500 every month in VOO So my best bet would be to keep it in my RRSP (avoid 15 tax) and pay the 2 fee everytime I buy Corretc? Thank you! Comment from : @SaveAndInvest

Best is Moomoo and IB Period Comment from : @mohaklondhe

What about using Interactive brokers? Comment from : @lovepreethundal5531

Is there a way to avoid conversion fee altogether? Like opening an USD account in Canadian bank? Comment from : @jaimoti984

You are the Jesus Christ of finances Comment from : @gustavoalvarez6637

I am almost going to use Wealthsimple to buy US stocks until I saw this video Thanks for saving me all the fees I didn't realize I was going to incur using WS :) Comment from : @CecileCarreon

You mentioned there is a 50 withholding tax when you invest in US stocks for TFSA is it the same for FHSA? Comment from : @AmandeepSingh-zz5ur

With WS premium you can trade with US dollars and you only pay a 15 conversion fee ofc you pay another 15 if you convert back to CAD, but you can trade and receive US dividends in USD the video is old tho, not sure if WS didnt offer premium at the time Comment from : @EBooksForMe

50 taxes too much ,I just opened tfsa but now I change my mind can someone correct me if I am wrong example if my profit 📈 was 2000$ usa will take 500$ taxes brAnother question does usa take taxes automatically from my account or I have to do usa taxes too ,I am canadian how that works!!! Comment from : @mohamedsalam8214

Hey Adrian Do i still pay 2 conversion fee if i withdraw funds from my TFSA or RRSP for US Stocks or ETFs in CAD currency Can i use Norbert Gambit method again to save on conversion back to CAD Thanks Comment from : @denverd513

Thx for the video Do you have a video that explain US stock in all type of investing Canadian Account? RSP, TFSA, etc Comment from : @munpas

I have an account with CIBC, Investor's EdgebrbrHow do I buy fractional US shares using CIBC Investor's Edge?brbrCan you make a video on this topic? Comment from : @PrashantPandya-nr1gj

What if I am holding funds in US currency in a US bank account(CIBC,RBC etc) Can I just transfer that money to Questtrade and use it to buy US stocks? Comment from : @hemanth_gs

Why not open a USD bank account and transfer money with low exchange rates using Wise? This account can be connected directly with Questrade Comment from : @VarunViswanathan7

Can you do a video translating my accountant ? (I pass-out reading it)br br1-The profit/loss from trading Canadian securities may be treated as capital gain/loss (on capital account) by election, even if you trade as a business (on business account) including short sales and options  Since this is an "election", missing it might mean missing some opportunities, but not causing a penalty in-and-of-itself, unless you did not make this election, but proceeded as if you had  This election does not apply to foreign/US securities  br2-Holding foreign properties (stocks, foreign bank accounts etc) may trigger T1135 reporting for "specified foreign properties"  Missing that reporting will cause a significant penalty and leave the tax return not "statute-barred" for another 3 years: this means that the original 3-year limitation period for CRA' reassessing your returns will become a 6-year one  I had a client who stumbled on this and, unfortunately, was audited by CRA in a comprehensive manner (for some other reasons): CRA was able to rely on non-filing of T1135 to open a few older years of returns to conduct more audits, which makes the process more horrendous  br3-Foreign exchange issues: if you trade foreign/US stocks with their domestic currencies, the spot rate may be required for each transaction, and each transaction has to be translated into CAD individually, which may trigger additional costs  The complexity can be further compounded by real-time tracking of the cost amounts of the securities (as required by the law)   br4-US/Foreign financial institutions do not follow the Canadian statement issuing standards, and accounting directly from these statements can come with additional costs  Sometimes these foreign statements may or may not be readily available for Canadian tax reporting  However, if the foreign/US stocks are held within a Canadian institution, the Canadian institution's statements are expected to be more efficient to follow Comment from : @AndyWarhol1962

What’s the referral code? Comment from : @abhishekmehta8303

Should I use the marginal account to swing trade us stocks? Comment from : @anthonyorsini5912

Please make a video on National bank direct brokerage vs Questrade --pros and cons of both for investing in US stocks TIA Comment from : @LahariBhavishetty

Is it okay to hold non-dividend US stocks in TFSA? Are you getting charged for withheld charge from the US? Thanks! Comment from : @nimasad75

Great info! I have USA dollars but I'm guessing that I can't hold USA stocks or bonds in my TFSA Is this correct? Thanks! Comment from : @gianthills

You have compared Questrade and wealthsimple, what’s your take on Qtrade? It seems Qtrade doesn’t charge you when you buy or sell ETFs? Comment from : @davindertagore4225

Hi Adrain,brIt didn't get this part @ 9:40 [40 x 40 / 37] What are those two 40s, as well as the drip? Comment from : @EElia-bj9tp

2 conversion fee from Can$ to US$ but what about when you sell and that US money gets converted back to your Canadian TGSA 3:37 Are you hit with another conversion Also when you sell the US or Can ETF your hit with a $495 or $995 us selling fee that you never did mention You talked about no fee for buying ETF’s but never mentioned what happens when you sell Wealth simple has no fee when you buy or sell Canadian ETF’s Comment from : @WayneParsons-b8h

Hi Adrian, your videos have been incredibly informative, and I appreciate the insights you provide on investing I've been considering your advice on buying USA stocks under the RRSP to avoid withholding taxes However, given my current situation of being in the lowest tax bracket with no expected salary increase in the next few years, it seems the RRSP may not be the best fit for me, I also have not open a RRSP account On the other hand, I'm eager to explore investing in the USA market for better opportunities Since I only have a TFSA Questrade account, do you think it would still be profitable for me to buy USA stocks under my TFSA? I value your perspective and thank you for your hard work in sharing your knowledge Comment from : @luisfranco7760

I’m with Questrade and I’m not happy with the difficulty in buying US stocks This is ridiculous May as well just buy a Canadian etf invested in us stocks Don’t have to deal with all the pain I would love to buy apple or Microsoft but I cant Comment from : @Labrador15-o2y

You are not clear on this When you say they charge 2 on a conversion from Cnd to usd But does that mean every time I want to convert more? Say I convert 1000 today but next month I need to convert 1000 more Comment from : @Labrador15-o2y

Hi Adrain, thanks for everything! I thought I saw a video on MARGIN accounts on Questrade, but I have looked through all the green earmarked videos and can't seem to find it Can you please point me in the right direction? Thanks!! Comment from : @zenjoshwaable

Thanks for this informative video Comment from : @neptalitorresg

Hello, Adrian! Hope all is well Seeing this video was posted 3 years ago, is Questrade still your broker of choice? Comment from : @mohammedlayes9248

Hi Adrian I know this video is old but for RRSP withdrawals Questrade charges withholding tax 10 upto $5k, 20 upto $15k and 30 above $15k withdrawalsbrAlso deregistration fees for full withdrawals $100 plus tax and partial withdrawal $50 plusbrSo you are loosing lots of money in tax I don't know how it's beneficial to invest with Questrade either for CAD or US market Comment from : @denverd513

How to trade us index option trading from canada? Comment from : @deepsimar9045

Great info man! I'm currently with IBKR but can't seem to find the DLRU on there I"m thinking they dont have access maybe? Weird tho cause they're huge Would this gambit work with other things that aren't ETF? Like Suncor for example is listed on both exchanges If I own shared on the TO exchange, can I request they be converted to NYSE exchange shares? Comment from : @therealjohnnyb2151

I am thinking about buying ENCC, TSX listed, but paying dividends in $US Do you know if Questrade would leave the dividend in $US and not convert it to $CAD? Comment from : @bward7960

Should I buy US stocks in my TFSA? Comment from : @haasan9360

maybe someone has asked this and I couldn't find the answer Is it possible to buy stocks in other markets (Countries) like Europe and China etc? Comment from : @timnickerson7201

in which account I better put us stock if I understand it will be TFSA? Comment from : @aminetalbi3916

Nordstrom at 40 Ouch, that's gotta hurt ($16 as of now)brbrBut I wanted to thank you for these videos You're teaching me how to use Qtrade in an easily understandable and interesting way And a huge thanks for revealing that US withholding tax if I use a TFSA for US stocks That would have cost me a lot of money You said that is avoided with an RRSP and, I'm going to assume, for a margin account as well Checking out your recommended video on Norbert's gambitbrbrThanks again! Comment from : @kirm8137

hi, if you offer personal financial advices please let me know, I need help Comment from : @Akasha987

Hi adrian, so if i buy us stocks/ etfs and put into my tfsa, do i pay the 15 witholding tax on the capital gains and also on the dividends? Comment from : @marlonrosema3895

Watching this in March 2023 and feeling very sad for Adrian as Nordstrom pulls out of Canada Comment from : @underaminutereviews1191

If you contribute to RRSP in USD, how do know the contribution limit in CAD? Comment from : @ቅኒት

There are ETFs like XQQ which are Canadian based ETF but has Nasdaq companies in them Do you feel they are better than holding individual stocks like google, Facebook etc? We do not have to pay any conversion fees on them br brAlso, do you suggest to keep US tech stocks in TFSA, since they do not pay any dividends and are not taxed One demerit I could think is it will kill my room for TFSA but I foresee US tech stocks growing at a much faster rate than Canadian dividend stocks and on my returns which I expect to be high, I do not want to keep them in margin or RRSP account I will also hold Canadian dividend stocks but 30 of my tfsa I want it to be US tech Comment from : @mustafahussain2416

What type of investing account should you use to invest in high dividend stocks? I understand that your TFSA would be the best to avoid taxes on those dividends, but wouldn't you end up hitting your yearly cap pretty quick if you continued to reinvest those dividends as well as your own money into your TFSA account? Or is it not that big of a deal to use your own personal trading account as long as your contributing to your RRSP to help with the taxes brought on by the dividends / stocks? Comment from : @adamviste7414

Hey Adrian I opened an account with your code I didn’t get $50 as you said I spoke to them and they said it will come in 60 days… is that how it happens? Comment from : @viceroycres1967

Thank you so much for the break down on all the topics really helped me to understand more on what I'm doing on the exchange brDo you happens to plan on making a video showing and explaining what happen when you sell your US/Canadian portfolio?brI would love to know more about the whole process starting from Buying a stock > Hold onto it > Sell for profit > Comment from : @benphu5997

You are such a good teacher! Thank you for breaking it down so well and easy to understand and follow! I am your fan!!! Comment from : @nimirahaji737

Gotta come back to this video and leave a comment just to give you lovebrThe vibe and information is too good Comment from : @wurdofwizdumb1928

Growing up I learned good saving and spending habits but nothing about investing Your channel helped me so much I recommended you to my friends and peers at uni because none of these stuffs are taught in school and we need to know the sooner the better! Comment from : @alicenguyen6032

What about non-dividend stocks? Should I put them in RRSP still, or Margin? Comment from : @A_Litre_of_Farva

As a Canadian, I want to know my options on what apps/trading platform/brokerage I can use to buy fractional shares of DowJones Dow Jones is upwards of $33,000 so I can not afford to buy the whole Also, Wealth Simple would not let me buy Dow Jones at all br brAlso, I want to trade intraday so I am looking to invest in index and not EFTs Indices are more volatile, which is what I'm looking for Comment from : @KunalkiRaay

Adrian Thank you so much for posting your videos I am wondering if a DRIP can be set up for US stocks on Questrade Do you know if this can be done, or are Questrade DRIPs only for Canadian securities Thank you Comment from : @josipbatinic687

Do we have to pay while converting from USD to CAD Comment from : @balkaransinghdhindsa9874

Hey I had a quick question, I wanted to purchase certain stocks on NASDAQ ie US stocks but I only have a Questrade TFSA account,if I want to purchase us stocks do I have to open an RRSP account first ? & if so does it mean I have to put in another 1k to open it or can I transfer the money I put into the TFSA? Comment from : @melanieys9823

I wish i found this channel in 2020 I woulda allocated my money so much differently and made a lot more money Nonetheless keep up the great work, this is a fantastic channel Comment from : @canucksrule50

Is this actually better than just using something like IKBR with a flat forex fee Comment from : @sevenaries

Awesome Comment from : @randallthirteen8991

What if l have a 1000$ in my rrsp on questrade do l still have to use norberts gambit? Comment from : @shesallaboutthebusiness316

What is I buy Vanguard from the Tsx? Comment from : @kylemundy8871

Note: if you are trading in a margin account, CAD to USD conversion does not occur automatically and you will be borrowing USD on margin which accrues interest after a 2-day grace period! Comment from : @nikolai5012

Hi Adrian, I am the first time investor and your videos have helped me alot and I've used your referral link to open a QT account Thanks alot and keep up the good work ! Comment from : @ritvik1000

can I buy stocks without a broker Comment from : @suhaninanayakkara2878

Hi Adrian, thank you for providing the best simple explanations for beginners like me Just a quick question Does Norbert's Gambit applicable for margin accounts too? Also, does Questrade covert CAD to USD automatically in margin accounts when investing less than 2000 CAD? Comment from : @everydaylife5018

Hi Adrian, if I buy a growth US stock (doesn't pay dividend) in my margin account, when I sell it in the future with an eventual capital gain, I wonder how will it be taxed? is it going to be taxed on in Canada only or in both Canada and US? Comment from : @MarcusTor501

why isn't there something like this in the usfor a Canadian permanent resident living in us Comment from : @lisegray4219

Hi Adrian, thank you so much for creating this content I'm a first time investor and I have learned everything from your videos I was wondering if I buy non-dividend US stocks say Twitter or Facebook etc Is it okay to buy it from my TFSA account or should I buy it from RRSP? I know you mentioned US dividend stocks are better to be bought from RRSP I would really appreciate it :)) Thanks! Comment from : @naserakbar8533

If I buy US stocks listed in the TSX in my TFSA account, will I be sheltred against the canadians and US taxes? Comment from : @MarcusTor501

can u buy fraction share with Questrade i want to buy amazon shares and want to open an account for it thank you Comment from : @patrickvo3824

How do you know how much do you need to be eligible for drip program for any given yield stock? Comment from : @martinhebert1774

So I currently hold a US TFSA account with TD investing and I’m really interested in investing in ETFs From this video I understood that I will be charged 15 US for the taxes on my dividends is that correct? And what would you suggest for me to do? Comment from : @carolinevaca3668

Could you please make a video on how to buy shares from all over the world through questrade Comment from : @PeyoteCowboy

@Canadian in a T-Shirt, what are your thoughts on the $10/month subscription through Wealthsimple to avoid ALL the fees you're talking about and eliminating the need to using Norbert's Gambit? Perhaps if a person doesn't hold any dividend paying ETFs they could subscribe and unsubscribe to this service when buying or selling >$666 ($666 x 15 is $10) stocks/etfs inside of their RRSP rather than keeping the subsciption active At what point would it be more feasible to use this service permanently to avoid all US commission and foreign exchange fees rather than paying 15 - 20 per transaction or $10 through Norbert's Gambit? Comment from : @mechalchuk

amazing video thank you!! did not realize that about wealth simple Comment from : @developerann6659

Question… I live in Canada but have a US bank account which is in USD (I use it for business since I sell online on the us market) It’s a BMO Harris account Can I transfer USD to my Questrade? I’m assuming that would avoid any currency conversion fees since it’s already in USD currency Is that right? Comment from : @danisht

Thanks! Comment from : @algheriani2902

Thanks man, you made it all so simple and organised More power to you Comment from : @jasweengujral

Quick question: should we hold all are investments in RRSP instead of TFSA's to avoid that 15 us tax? Comment from : @ankitsharma9796

Is there any seperate american tax to be payed when selling stocks in a normal brokeradge account Comment from : @ibrahibrak4210

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