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Investing Tutorial

OrganicFan

Sexaholic
Aug 18, 2001
306
1
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Markham
Hello,

Can you guys/gals give me some pointers in investing in stocks in Canada.

I am not totally a newbie in investing. I have been investing in US stocks since I live there half the time. Planning to move permanently to T.O. So want to transfer all my holdings from US to Canada and also start investing in Canadian stocks.

What are the good Canadian Investing websites?

Thanks
 

LancsLad

Unstable Element
Jan 15, 2004
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If you are permanently leaving the US for tax purposes , I am not sure of what cap gains /departure taxes there are but you might want to speak to a good accounting firm in the US who might suggest a slightly more tax friendly jurisdiction than Canada to move financial assets to. No need to willingly bring a lot of capital "into" Canada. You can still invest in entities here just use an offshore vehicle.
 

Fuzzy Thumper

Terminally Twitterpated
May 25, 2003
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LancsLad said:
If you are permanently leaving the US for tax purposes , I am not sure of what cap gains /departure taxes there are but you might want to speak to a good accounting firm in the US who might suggest a slightly more tax friendly jurisdiction than Canada to move financial assets to. No need to willingly bring a lot of capital "into" Canada. You can still invest in entities here just use an offshore vehicle.
Ummm... there is no such thing as moving financial assets into "tax friendly jurisdictions" for Canadian residents, nor is there any "offshore vehicle" that will save him any Canadian taxes. As a Canadian resident, he's taxed on worldwide income, no matter where the assets are. If he found a firm suggesting otherwise, it is essentially recommending a crime, and no reputable firm will do that.

Asper said:
Can you guys/gals give me some pointers in investing in stocks in Canada.

I am not totally a newbie in investing. I have been investing in US stocks since I live there half the time. Planning to move permanently to T.O. So want to transfer all my holdings from US to Canada and also start investing in Canadian stocks.

What are the good Canadian Investing websites?

Thanks
In terms of "how to", there isn't much difference between investing in Canadian stocks or US stocks. Most brokerage accounts here will let you trade in either; less common is access to other world markets. As for opening an account - there isn't much difference in the major bank-owned discount brokerages, and unless you consider yourself a day-trader, they should be more than adequate for your needs. If you want full service brokerage advice, you should actually be interviewing specific brokers.

As for the investing process, you'll find a few irritations if you restrict yourselves to Canadian stocks. First, the breadth of choice will be disappointing in comparison (aside from banks and resource stocks, selection is poor), and within that selection you'll find many companies have "undesirable" characteristics... like subordinated share structures (where a family controls the company through multiple voting shares). There are a few other differences in comparison and research (e.g. some GAAP differences), but they are fairly minor. Invariably, I think you will need to include some foreign (US) investments just to properly diversify.

As for research websites, www.sedar.com (the Canadian version of Edgar) should be your on-line bible.

Hope that helps....
 

LancsLad

Unstable Element
Jan 15, 2004
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Immigrants to Canada to varying degrees get Cdn Tax holidays from foriegn source income for periods of years. that is why I suggested interests outside of Canada. As a Cdn resident for tax purposes even though an immigrant if the income was earned here it is taxed here.

The Feds are not generally too keen on us overtaxed Cdns knowing that new immigrants can have all the same social services as the rest of us ( such as they are) and yet not pay tax on a lot of their world income sourced outside of Canada. Great huh.
 

Ares

Member
Mar 11, 2005
50
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6
Preimmigration trusts

if the amounts are significant, prior to establishing canadian residence you can set up a immigration trust (approved by Revenue Canada) in an offshore jurisdicition. Assets within the trust receive a 60 month tax holiday. and its 60 months from time of entry into canada, not 60 months from time of set up. The set up of such trusts can run you 20k to 40k by the way so it needs to be fairly significant assets.

The previous authors are right about canadian residents being taxed on worldwide income. However any long term moving average of the SP500 versus the canadian market will show you that US stocks typically outperform Canadian stocks by about 20% (10% versus 12%) The canadian market is fairly shallow, some good financials and resources, very light on tech, manufacturing and pharmaceuticals. So a continued strong presence in US equities is certainly recommended. All brokerages here, discount or full service has easy access to US stock markets. and probably not the best time to be buying Canadian dollars right now, keep your US currency for investmetn purposes.

hope this helps
 

red

you must be fk'n kid'g me
Nov 13, 2001
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Asper said:
Hello,

Can you guys/gals give me some pointers in investing in stocks in Canada.

I am not totally a newbie in investing. I have been investing in US stocks since I live there half the time. Planning to move permanently to T.O. So want to transfer all my holdings from US to Canada and also start investing in Canadian stocks.

What are the good Canadian Investing websites?

Thanks
BreX is a hot cdn stock
 
Ares said:
However any long term moving average of the SP500 versus the canadian market will show you that US stocks typically outperform Canadian stocks by about 20% (10% versus 12%)
No offence but are we looking at the same index for NYSE & NASDAQ? I must be missing something.
 

OrganicFan

Sexaholic
Aug 18, 2001
306
1
18
Markham
Thanks all, for the tips.

I have already liquidated all my assets in the US. So just sitting on cash now. Did it last month, so saved on some downside.

One more tax question. If I buy US stocks from a Canadian brokerage, how is it taxed? Is it taxed in US or Canada. I remember reading somewhere because of the US-Canada treaty, I can pay the taxes according to Canadian laws in Canada. Is that right?
 

Bear669

New member
Apr 9, 2006
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Wilds of the GTA
First- Read This Book...

Asper said:
Hello,

Can you guys/gals give me some pointers in investing in stocks in Canada.

I am not totally a newbie in investing. .................

What are the good Canadian Investing websites?

Thanks
www.poorcharliesalmanack.com Buy this book by Warren Buffet's 'poor' partner.

Then, start reading:
www.blacktomflint.ca Best geopolitical analyst in Canada, maybe the world.

http://www.theglobeandmail.com/servlet/story/RTGAM.20050815.rmtom0815/BNStory/specialROBmagazine/

http://www.globeadvisor.com/newscentre/article.html?/education/generated/edumandelman.html

If you are an investor and not just a trader, these guys are the best in the world.
 
Ares said:
However any long term moving average of the SP500 versus the canadian market will show you that US stocks typically outperform Canadian stocks by about 20% (10% versus 12%).
Not so in last few years.

The canadian market is fairly shallow, some good financials and resources, very light on tech, manufacturing and pharmaceuticals. So a continued strong presence in US equities is certainly recommended.
May reconsider the CDN or AUS markets.

M&A + Google hype & recent election are keeping the U.S. market from full downturn.

Checkout the yearend bonus at GS & Lehman this year.
 

fuji

Banned
Jan 31, 2005
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