TD Now Allows Mutual Funds for US RRSP Holders
Moderator: Mark T Serbinski CA CPA
TD Now Allows Mutual Funds for US RRSP Holders
FYI, TD now allows US residents to trade Canadian mutual funds in their RRSP's. Back in the day they did not.
Re: TD Now Allows Mutual Funds for US RRSP Holders
TD Direct Investing has always allowed this. Are you talking TD Canada Trust?
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
Re: TD Now Allows Mutual Funds for US RRSP Holders
This is TD Direct Investor Services. What you say surprises me. Back in the day, say 2005-ish, when I first started to trade in the RRSP as a US resident, TD told me that only US-listed securities could be traded eg stocks and individual bonds. I wasn't thrilled with the commissions they charged so I bought Canadian GIC's and left it at that. While inquiring about a GIC that had matured recently, they told me I couldn't buy GIC's any more. I asked what could I buy, and they suggested Canadian mutual funds. So I bought a TD mutual fund which carries no commission. Fine with me, less work re-investing every few years. How long have they allowed Canadian mutual funds, to your knowledge?
Side note: I use the RRSP as the foreign bond section of my overall portfolio.
Side note: I use the RRSP as the foreign bond section of my overall portfolio.
Re: TD Now Allows Mutual Funds for US RRSP Holders
Been a TD direct RRSP holder for 15 years (after Altamira was bought out) and only invested in TD mutuals the whole time.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
Re: TD Now Allows Mutual Funds for US RRSP Holders
FYI - I ended up buying a Vanguard Canadian Bond ETF (VAB) instead, due to lower expense ratios. Commission was $9.99. I like this because it is difficult to get Canadian market/dollar exposure in the U.S.
Vanguard's been in Canada a few years now and offers primarily ETF's. You can buy them like any other stock through a Canadian discount broker like TD Direct Investor Services. Vanguard Canada doesn't service retail clients like in the U.S.
The Canadian mutual fund industry is infamous for high expense ratios so Vanguard ETF's are an attractive alternative.
Vanguard's been in Canada a few years now and offers primarily ETF's. You can buy them like any other stock through a Canadian discount broker like TD Direct Investor Services. Vanguard Canada doesn't service retail clients like in the U.S.
The Canadian mutual fund industry is infamous for high expense ratios so Vanguard ETF's are an attractive alternative.