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Norbert’s Gambit at CIBC Investor’s Edge

By Justin Bender · April 25, 2017 - 0 comments

CIBC Investor’s Edge is the latest brokerage to offer US dollar RRSP accounts. This is good news for cost-conscious ETF investors, as it allows them to save even more money each year by holding US-listed foreign equity ETFs in their RRSP accounts. Opting for this ETF structure in an RRSP account can generally save investors about 0.30% per year in product fees and foreign withholding taxes.

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Norbert’s Gambit at TD Direct Investing

By Justin Bender · March 6, 2017 - 4 comments

US-listed ETFS are the most tax-efficient way to invest in foreign equities within your RRSP account.  The funds also tend to have lower annual fees than Canadian-listed ETFs.  However, they must be bought and sold in US dollars, and if you have to exchange your Canadian dollars for greenbacks, it can be extremely costly.  Many discount brokerages charge about 1.5% – or a whopping $150 on a $10,000 conversion.  If you’re going to use US-listed ETFs, you need to find a way to mitigate these high costs.

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Norbert’s Gambit at BMO InvestorLine

By Justin Bender · February 7, 2017 - 6 comments

US-listed ETFS are the most tax-efficient way to invest in foreign equities within your RRSP account. The funds also tend to have lower annual fees than Canadian-listed ETFs. However, they must be bought and sold in US dollars, and if you have to exchange your Canadian dollars for greenbacks, it can be extremely costly. Many discount brokerages charge about 1.5% – or a whopping $150 on a $10,000 conversion. If you’re going to use US-listed ETFs, you need to find a way to mitigate these high costs.

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How to Build an ETF Portfolio at Questrade

By Justin Bender · January 24, 2017 - 14 comments

Investing in ETFs through a big bank discount brokerage is one of the cheapest ways to build a diversified portfolio – that is, until you factor in the cost of their trading commissions.  If your accounts and monthly contributions are modest in size, you may want to consider going with Questrade instead, a discount brokerage that offers commission-free ETF purchases.

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Norbert’s Gambit at RBC Direct Investing

By Justin Bender · January 10, 2017 - 2 comments

US-listed ETFS are the most tax-efficient way to invest in foreign equities within your RRSP account. The funds also tend to have lower annual fees than Canadian-listed ETFs. However, they must be bought and sold in US dollars, and if you have to exchange your Canadian dollars for greenbacks, it can be extremely costly.

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