Just open
a USD RSP offered by half a dozen brokers (except TDW!)
To deposit funds to
the USD RSP account you will have to either buy USD within your Qtrade account, or mail a USD cheque / draft to deposit to the USD account.»
I'm with Scotia iTrade and I don't have
a USD RSP
Not exact matches
However, it is only a matter of time before other brokers follow suit and allow customers to directly hold
USD in their
RSPs.
All of my
USD denominated stuff is in my
RSP so no witholding taxes are currently levied.
I think it's safer to wait for the big guys like TD to begin offering
USD in your
RSP instead of going to Questrade.
You will be able to place US trades in the
RSP account without having to convert funds between CAD /
USD.
I have
USD in Questrade
RSP right now.
or hold your
USD assets in a
USD account outside an
RSP which is better for most Canadians because of the Foreign Tax Credit.
I've spoken with a few managers at iTrade and they claim that all the major brokerages including iTrade are planning to follow Questrade's lead and allow
USD in
RSPs (e.g. no forced conversions).
«Reduced
USD in
RSP commission fees — If you currently hold U.S. cash and trade
USD securities in your TFSA, RRSP, spousal RRSP, or LIRA, the $ 5.00 U.S. flat - per - day commission fee payable each day you trade
USD securities no longer applies.