Today's Hottest Penny Stocks
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Top 3 stocks predicted to explode 20%+
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AI predictions are for educational purposes only. Not financial advice. Trade at your own risk.
Explosive MoversPOLLING
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Best Brokers for Canada Investors
🇨🇦 Trading Info for Canada
9:30 AM - 4:00 PM ET (Same timezone as NYSE)
ET/PT
C$ CAD
English
Frequently Asked Questions - Canada
Can I hold US stocks in my TFSA?â–¼
Yes! You can hold US stocks in your TFSA and gains are tax-free in Canada. However, US dividends are still subject to 15% US withholding tax. For dividend stocks, consider holding them in your RRSP instead.
What is Norbert's Gambit and how does it work?â–¼
Norbert's Gambit is a technique to convert CAD to USD cheaply. Buy DLR (CAD-denominated) ETF, journal it to DLR.U (USD-denominated), then sell for USD. This costs ~0.2% vs 1.5-2.5% for broker currency conversion.
Which Canadian broker is best for US stocks?â–¼
Questrade offers low commissions ($4.95-$9.95) and USD accounts. Wealthsimple Trade is commission-free but charges 1.5% on USD conversions. Interactive Brokers has the lowest margin rates. Choose based on your trading frequency.
Do I pay tax on US stocks in Canada?â–¼
In a TFSA, capital gains are tax-free but US dividends face 15% withholding. In an RRSP, both gains and dividends are tax-sheltered (no US withholding on dividends). In a taxable account, US gains are taxed at your marginal rate with 50% inclusion.
Why is RRSP better than TFSA for US dividend stocks?â–¼
The Canada-US tax treaty exempts US dividends in RRSPs from the 15% withholding tax. In a TFSA, you still pay 15% withholding on US dividends. For US growth stocks (no dividends), TFSA is equally good.
Complete Guide: Trading US Stocks from Canada
Canadian investors have the easiest access to US markets among international investors. Same timezone, similar regulations, and most brokers offer seamless USD trading accounts. You can hold US stocks directly in your TFSA or RRSP.
The TFSA (Tax-Free Savings Account) allows tax-free growth on your investments—including US stocks. The RRSP (Registered Retirement Savings Plan) provides an additional benefit: US dividends in an RRSP are NOT subject to the 15% US withholding tax due to the Canada-US tax treaty.
Trading hours are identical to the US: 9:30 AM - 4:00 PM ET. For Canadian traders in Pacific time, that's 6:30 AM - 1:00 PM PT. No timezone adjustments needed—you're trading in real-time with American markets.
Pro tip: Use Norbert's Gambit to convert CAD to USD at near-interbank rates, saving 1-2% compared to broker currency conversion fees.
Pro Tips
- RRSP advantage: No 15% US dividend withholding tax due to Canada-US treaty
- TFSA: Tax-free gains, but US dividends still face 15% withholding
- Norbert's Gambit: Convert CAD→USD cheaply using DLR/DLR.U ETF
- Same timezone: Trade 9:30 AM - 4:00 PM ET with no schedule changes
- USD accounts: Questrade and IBKR let you hold USD directly
- Watch CAD/USD: Currency impacts your returns when converting back
Risk Warning
Penny stocks are extremely risky and speculative. They can lose 50%+ of their value in a single day. This screener is for informational purposes only. This is not registered investment advice. Never invest more than you can afford to lose.