Thread: TFSAs vs RRSPs
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Old 12-28-2016, 09:35 PM   #14
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta

Originally Posted by V View Post
I traded an American equity once this year in my TFSA, but had never done that before. I think I get screwed by qtrade on the exchange when I trade American equities. In any case, I made a gain on the trade. Do I have to worry about this for taxes at all? Is there a form I have to fill out? Is this a better question for Locke?
Wait a second, I glossed over the fact that this is in a TFSA, so you have nothing to worry about. What is happening is that the US is witholding tax on any dividend you receive, which is 15%. You don't have to do anything at all, and there is no tax for you in Canada or anything like that. Sorry for the oversight a minute ago, and just ignore the PM because it's not relevant to your situation.
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