Could anyone point me in the right direction for going about buying stock on the Canadian market? Is there a preferred method or brokerage firm for this?

I've found some articles going into detail about A.D.R.S as being the 'simplest' way, but then many pages of text and links follow. Like to add some mining stock into the portfolio.

personally I would just invest in the Canadian stocks on the us market there are plenty

however

The simplest method is to buy A.D.R.S. or American depository reciepts.

A large number of foriegn stocks can be bought on the New York exchange as American depository reciepts. The tax issues and currency conversions are simpler.

You can claim a foriegn tax credit for taxes paid on foriegn investments in other countries.

Foriegn tax treaties and withholding.


you can open a brokerage account at a place like Schwab or Interactive Brokers and access the Toronto Stock Exchange listings through that broker.

Just keep in mind that you’re investing USD into CAD-denominated stocks, so you have to take the exchange rate and any conversion fees into consideration.

This post was edited by YoungLs on Feb 8 2022 01:34am

switch your currency to cad and buy stocks on the tsx

Do you have access to wealthsimple ?

Buy CAD, buy TSX. You want to diversify to protect against currency risk anyway.

send me money ill take care of it