[shawnly1000]

Originally Posted by dat_steve

Quick question for you guys:

Is there such thing as a USD TFSA direct trading account? (specifically with TD waterhouse)

backstory:

My understanding is that in order to trade a ticker under a US exchange, say GOOG, I would buy the shares with my current TFSA trading account which is in CDN. So i would therefore take an FX hit upon purchase as well as one upon selling.

Didn't do a search for the other brokerages but

https://www.virtualbrokers.com/contents.aspx?page_id=20

Tax-Free Saving Account (TFSA)
The Tax-Free Savings Account (TFSA) is a registered savings account that enables you to earn investment income tax-free, subject to certain condition and limitations. For full details and eligible investments please visit Canada Revenue Agency website (Canada Revenue Agency Web site / Site Web de l'Agence du revenu du Canada). US TFSA is a new type of TFSA that comes with all the tax advantages of a regular TFSA, but is denominated in US currency. This feature allows trading in US denominated instruments without worrying about forced foreign currency conversions (FX Hits) that typically erode trading profits.