CDRs

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Is it fine to buy CDRs? Any Tax implications? If I wanted to buy Costco or Amazon then should I buy them in RRSP or it doesn’t matter?

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Asked on April 8, 2023 9:48 pm
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HI Guys,
I am still a bit confused about CDR.
I use the TD Self Investment platform.

Can I buy CDRs there? I see a lot of links for CIBC but not TD!

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Posted by Raphael Walrond
Answered on June 18, 2023 2:16 pm
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Hey there,

The tax implications are the same as buying any stock on a US exchange - no difference. The main issue as with any US-listed stock is that if it pays a dividend, then it will be subject to a 15% withholding tax if held in a TFSA or non-registered - it is not withheld in retirement accounts. All in all, it depends on your tax strategy but it is no different than buying COST or AMZN on the US exchanges themselves.

Mat

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Posted by Mathieu Litalien
Answered on April 10, 2023 7:15 am
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