Keeping Investing account open as non resident Canadian

[tinmark50@gmail.com]

Hello all,

I will be moving to Texas next month and have a self directed investment account and TFSA with TD waterhouse. I phoned the agent and they stated that i may have to liquidate the account.

Is there some other broker that would allow me to keep my investment account open.

[tinmark50@gmail.com]

tinmark50@gmail.com wrote:
> Hello all,
>
> I will be moving to Texas next month and have a self directed investment
> account and TFSA with TD waterhouse. I phoned the agent and they stated
> that i may have to liquidate the account. I have been with them for the last 15 years
>
> Is there some other broker that would allow me to keep my investment
> account open.

[nelsona]

You can keep your TFSA with most brokerages, although there is little benefit for doing so while in US.

Your investment account cannot be managed while in US, as this violates SEC regulations, because Cdn brokerages cannot deal with US residents in non-sheltered accounts.
You are best off liquidating both accounts; you may be able to transfer some of your investments to a US broker.