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Originally Posted by Delthefunky
I am setting up a plan to save money from my pay cheques to buy some stock in an American company once a month. I have TD webbroker all set up. Just wondering what the cheapest way to do it is, whether I should buy the stock in my Canadian TFSA, or my American one? Or is there much difference at all?
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Only big difference is if the company pays a dividend. Dividends for American Exchange Companies are taxed in Canadian TFSA. I keep high dividend american investments in my RRSP and try to keep American growth/low dividend stocks in my TFSA..