12-25-2017, 11:44 AM
Welcome, Chris.
I believe investing in your RSP negates the tax issues since the U.S. has a tax treaty with Canada and tax withholding in a retirement vehicle negates any withholding issues. Perhaps another Canadian can chime in on this detail.
In the meantime, if it were me, I'd start out with one of the Canadian banks RY/BMO/TD/BNS/CM. The Canadian banking regulations are more conservative than the wild west U.S. You won't get rich overnight but they've been steady dividend payers (and increasers) for a long period of time.
I believe investing in your RSP negates the tax issues since the U.S. has a tax treaty with Canada and tax withholding in a retirement vehicle negates any withholding issues. Perhaps another Canadian can chime in on this detail.
In the meantime, if it were me, I'd start out with one of the Canadian banks RY/BMO/TD/BNS/CM. The Canadian banking regulations are more conservative than the wild west U.S. You won't get rich overnight but they've been steady dividend payers (and increasers) for a long period of time.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan