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Canadian investment companies for non residents?

Brie
Posts: 13,477 Ambassador


Hey there
Trying to sort out some stuff and am trying to find a company that will allow me to open an investment account in Canada where I can do things on line.
Currently I've an account with CIBC but it's all by phone, make an appointment, meet in person, come back when they have the answers. None of this works for me as I live in the UK and they are in Canada and not online at all.
I've got a bank account with TD but can't see how to get anything set up there.
My brother had suggested WealthSimple but while they are very modern, online using an app, they won't open an account for someone who is not a resident.
I know it's an incredible long shot but does anyone have a Canadian investment company that they can deal with easily??
Trying to sort out some stuff and am trying to find a company that will allow me to open an investment account in Canada where I can do things on line.
Currently I've an account with CIBC but it's all by phone, make an appointment, meet in person, come back when they have the answers. None of this works for me as I live in the UK and they are in Canada and not online at all.
I've got a bank account with TD but can't see how to get anything set up there.
My brother had suggested WealthSimple but while they are very modern, online using an app, they won't open an account for someone who is not a resident.
I know it's an incredible long shot but does anyone have a Canadian investment company that they can deal with easily??
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"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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Comments
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Suspect that as a non resident direct dealing of listed Canadian investments will be a no no.1
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Hoenir said:Suspect that as a non resident direct dealing of listed Canadian investments will be a no no.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung0 -
Why do you want/have a Canadian account? The difficulties of cross-border investing and taxation usually make such a set overly expensive and complicated.And so we beat on, boats against the current, borne back ceaselessly into the past.0
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Bostonerimus1 said:Why do you want/have a Canadian account? The difficulties of cross-border investing and taxation usually make such a set overly expensive and complicated.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung0 -
Brie said:Bostonerimus1 said:Why do you want/have a Canadian account? The difficulties of cross-border investing and taxation usually make such a set overly expensive and complicated.And so we beat on, boats against the current, borne back ceaselessly into the past.1
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Brie said:I know it's an incredible long shot but does anyone have a Canadian investment company that they can deal with easily??
Being US based does add a slight risk of US estate tax if you don't pay close attention, but cover from either the US/UK or US/Canada treaties, to the extent that you're resident/domiciled in one or the other, should mean you're safe at least up to the usual US estate tax limits allowed to US citizens and residents.
Failing this, Saxo Capital Markets? Based in Denmark (further reduced risk of ever having to tangle with the IRS), and also reputed to be generally pretty good at handling international lifestyles.
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