This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Fellow canucks,
I work in the US and live in a border canadian town. I used to live in the US before and had a brokerage account with Etrade. I still have that account and have changed the address to a CDN address and buy/sell stocks through it.
Since, I earn in USD, I am looking to buy mutual funds in USD. Can I buy US mutual funds(vanguard, fidelity?) being a CANADIAN RESIDENT?. Or will this be an issues with revenue canada/IRS ? What are my options for investing USD as a canadian resident? I know I could open a TD waterhouse account in USD but the choice of funds in USD is very limited and ofcourse the high fund fees. Companies like Vanguards charge less than 1% fund fees while most cdn funds charge 2-3% of fund fees.
Thanks. What if I use a US friend's address to buy the mutual funds? Would that be considered illegal or am I inviting myself to trouble?
The US mutual fund companies don't care whose address it is as long as it is a US address.
