Any full time traders on MR?

As of January 1st, 2023, the Internal Revenue Service (IRS) will charge a withholding tax any time a non-U.S. person sells a Publicly Traded Partnership (PTP) that earns income connected to the United States.

This means that brokerages like Wealthsimple that offer trading of PTPs must withhold 10% from all sells of these securities for anyone not considered to be a U.S. person. This withheld amount must then be sent directly to the IRS and not back to you.
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https://help.wealthsimple.com/hc/en...blicly-Traded-Partnership-PTP-withholding-tax

I wonder if this will affect me... I own a lot of Brookfield PTP... I bought them on the tsx though...
On Brookfield website it says that it should not affect Canadian unit holder...
It doesn't look good though .. may explain why all the Brookfield PTP are going down right now.

TSX:BIP.UN, BEP.UN, BBU.UN

Seriously WTF...
 
Ceux qui trade Forex, vous utilisez quel broker?

J’utilisais VantageFX dans le temps mais ils ne servent plus les residents Canadien depuis un bout de temps…
 
recap de 2022 ...

31 decembre 2021 au 31 decembre 2022 .

- 16% sur le ATH de mes placements , outch , les actions de banques sont a - 32% depuis leur ATH de janvier 2021 ..
 
AsunaMAXXX said:
recap de 2022 ...

31 decembre 2021 au 31 decembre 2022 .

- 16% sur le ATH de mes placements , outch , les actions de banques sont a - 32% depuis leur ATH de janvier 2021 ..
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Moi j'avais pas mal de pétrole et Bombardier, ça n'a pas trop mal été. Mais j'essaye de verdir mon portefeuille là.

Envoyé de mon SM-G973W en utilisant Tapatalk
 
You will be leveraging the USD. If USD goes up 2%, and bank stock goes up 2%, your total return will be 4%. True in the other direction as well.
 
SRT-What? said:
You will be leveraging the USD. If USD goes up 2%, and bank stock goes up 2%, your total return will be 4%. True in the other direction as well.
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Actually, this is not correct. As a Canadian investor, the return in a dual listed security US or CAD is the same since the CAD price == USD price x USD.CAD.

However, if you buy 100% of the position on margin, the short USD will offset the USD part of the position and then you will have exposure to the US$.

If you only have CAD cash, it is not worth it since you will probably need to pay expensive fx fees to convert your cash when buying. On the other hand, if you have USD laying around and you want to remove the fx risk without selling your USD, it's an option.

Fun fact, you can call your broker to convert US shares into Canadian ones at no cost sometimes.
 
m_1313 said:
Actually, this is not correct. As a Canadian investor, the return in a dual listed security US or CAD is the same since the CAD price == USD price x USD.CAD.

However, if you buy 100% of the position on margin, the short USD will offset the USD part of the position and then you will have exposure to the US$.

If you only have CAD cash, it is not worth it since you will probably need to pay expensive fx fees to convert your cash when buying. On the other hand, if you have USD laying around and you want to remove the fx risk without selling your USD, it's an option.

Fun fact, you can call your broker to convert US shares into Canadian ones at no cost sometimes.
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Thanks for the info.
 
Pri said:
are there any advantages/disadvantages of buying a canadian bank stock in USD?
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comme gros désavantage , si tu as un stock de banque canadienne sur le nyse, dans ton tfsa , les dividends vont être imposable parce que le celi chez nos voisins du sud n'est pas reconnu
 
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