Investing Canadian money while being an American Resident

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Death&Taxes
Posts: 5
Joined: Sat Feb 29, 2020 3:36 am

Investing Canadian money while being an American Resident

Post by Death&Taxes »

Hi, I have some money in a Canadian account that I would like to invest in Canada however I am an American resident. I would like to invest the money and pay no taxes while I'm in the US since I don't intend on selling it. This would require a fund that doesn't produce dividends. Is it possible to do this? If not, can I just put the money in an ETF in Canada, and pay whatever captain tax I would get in the US?
nelsona
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Re: Investing Canadian money while being an American Resident

Post by nelsona »

US residents (even Cdn citizens) are not allowed to have investment accounts in canada, other than retirement accounts.
I am taking my usual break from this site until May. Always too many tax-form specific questions at this time of year...
nelsona non grata. Non pro. Search previous posts. Happy Browsing :D
Death&Taxes
Posts: 5
Joined: Sat Feb 29, 2020 3:36 am

Re: Investing Canadian money while being an American Resident

Post by Death&Taxes »

nelsona wrote:
> US residents (even Cdn citizens) are not allowed to have investment
> accounts in canada, other than retirement accounts.

Well that simplifies my options lol Thanks.
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