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May be moving to Canada next month, so I had some questions.

I would like to transfer my US dollars to a Canadian brokerage account -- from what I've read IB or Questrade are the best options.

However, assuming I can hold US dollars in my brokerage account, I would hate to pay foreign exchange fees every time I acquire a US stock, say, AAPL or BRK'B.

I understand the answer will depend on whether my brokerage account is a margin account, TFSA or RRSP. I would be interested, if possible, in knowing the answer to my question for all three cases.

Thank you.

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  • afaik all major banks now have a usd sub account with no fx fees. Another thing to check is what happens when dividends get paid, I remember some talk of fx conversion a few years ago for divs. ps, I use IB for usd so it's not an issue for me.
    – brian
    Commented Aug 26, 2020 at 14:35

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