Investing in Canada while living in

My_question_is: Applicable to both US and Canada
Subject:        Investing in Canada while living in the U.S.
Expert:         taxman at centa.com
Date:           Saturday May 06, 2006
Time:           09:13 AM -0700
QUESTION:
I am a Canadian working in the United States as an expatriate with my
company.  As a part of their tax equalization policy my company pays all of
my U.S. tax on Canadian sourced income.  Also, all of my compensation is
actually paid into a Canadian bank account.  However, if I transfer
investments to the U.S. I pay any U.S. tax on the gains/interest/dividends.
Therefore if it is Canadian sourced income - I only pay the small
withholding tax (10 or 15% depending on interest or dividends.
The catch is that TD Waterhouse in Canada will no longer let me buy any
Canadian securities/mututal funds/etc. since I am a resident of the U.S.  My
question is - are there investment houses in Canada that will sell
securities to U.S. residents and do the proper with-holding of non-resident
tax for dividends or interest.
Thanks,
-----------------------------------
david ingram replies:
Whether it fits your company's criteria or not, I do not know but Sean
Rickerby of TD Waterhouse has been working to solve your problem. I believe
that there are fairly substantial minimums however.
You will have to ask him directly.  Contact him as follows:
Shaun Rickerby CFP, CIM, FCSI
Associate Portfolio Manager
Snr. Investment Advisor
TD Waterhouse Private Investment Advice
604-482-5188
604-482-5183 Fax
888-955-7255
His email address is:  Shaun.Rickerby at td.com
If he can not help you with the answer, he can tell you how to get around
it, if possible.
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