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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“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street
“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street