Does anyone know about Foolish ways in Canada? The USA site is somewhat helpful but we need advice and tips specifically pertaining to Canada's tax situation, RRSPs, RESPs, mutual fund investments and share dealing. It would be helpful to know the most cost effective way of investing there in view of the very high commision rates charged by the leading Canadian banks and investment houses. We are dual citizens but have reduced our UK tax liability to a minimum and are none resident in the UK.
Hi dumdee,I presume that you are Canadian yourself, although you haven't filled in your profile yet, so I can't be sure.Your best bet is probably to visit the Canada folder on Fool.com. There are 5 boards on the right hand side of the page here:http://www.fool.com/community/international.htmThe UK site doesn't have any specific boards for Canada. The closest we have is a US board, but that specialises more in UK investors investing in the USA:http://boards.fool.co.uk/Messages.asp?bid=50917Hope this helps,Lost
hello!i live in the philippines and therefore share the same predicament with you. i use the fool site both the uk and us versions for references. however, as in your case, not everything stated here are applicable to my country, although canada is a british commonwealth, am i right?, it still enjoys a certain degree of autonomy from uk policies and economic trends, etc. etc. what i think you can do though, is to consult with people who engage in trading in canada, or companies or their sites doing business there. that way, you'll be able to apply what you learn here at the fools there in the candian market.am i making sense? i feel like i am a blind person leading another =)
Hi LostInThoughtThanks, that's a great start. I am in fact, a UK citizen in the process of applying for Canadian citizenship and have landed immigrant status in Canada.Shame there isn't a Canadian Fool site.dum
Hi dumdee,The question of how to handle Canada has long been debated on the US site. I have no idea when it will be resolved. The two main options are to either build Canada into the existing site or to find a partner for a new Canadian site. The former requires extra staffing and the cost of obtaining financial info whilst not having the same advertising targetting as an independent site; the latter has the problem of many companies being unwilling to partner with internet companies after last year's events in the stock markets. Time will tell how it will end up. Keep an eye on the Canadian boards on fool.com, as any movement will be announced there first, I expect.LostLost
hi dumdee,I use:http://finance.canada.com/bin/putform?Type=ratesyou can find information here, also at the Royal Bank of Canada or any of their big banks will have info. and links.Hope this helpsTricia
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