If you would really really like to implement synthetic
DRiPs but the costs bother you, consider moving your
accounts to a broker that does segregate holdings
in registered accounts.
I spoke with TDW recently (when I noticed this issue) and they confirmed that US dividends were subject to Fx charges both ways
in a
registered account because it is a synthetic
drip (this was not explained when I enrolled in their autowash and synthetic DRIP progra
drip (this was not explained when I enrolled
in their autowash and synthetic
DRIP progra
DRIP programs).