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kuds1

CDN Stocks Question

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Hey Folks,

Haven't been here in a while. I was wondering if anyone of you has come across this problem, and what the solution may be.

I have a few CDN stocks and since I'm here in the US now, scotia bank won't keep them for me anymore. Do you kow if there is a brokerage that will keep my CDN stocks as CDN stocks and not convert them to their american equivalent? I have asked questrader, td ameritrade, scottrade, scotia already. They can be canadian or american.

Please help!!

thanks


Mar 22, 2009: Filed I-130

July 17, 2009: NOA2

Aug 7, 2009: AOS Fee Letter

Aug 17, 2009: Fee PAID Status Received

Sept 8, 2009: NVC Received Supporting Documents and DS-230

Sept 16, 2009: RFE Received for Missing Documents

Sept 18,2009: Mailed Out Missing Documents

Oct 1, 2009: Case Completed at NVC

Feb 1, 2010: Interview at Montreal - Success!

Feb 4, 2010: Got Visa in Mail

Feb 5, 2010: POE - Rainbow Bridge

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Hey Folks,

Haven't been here in a while. I was wondering if anyone of you has come across this problem, and what the solution may be.

I have a few CDN stocks and since I'm here in the US now, scotia bank won't keep them for me anymore. Do you kow if there is a brokerage that will keep my CDN stocks as CDN stocks and not convert them to their american equivalent? I have asked questrader, td ameritrade, scottrade, scotia already. They can be canadian or american.

Please help!!

thanks

Have all the companies you contacted said they WON'T do it for you? I am surprised TD Ameritrade would've said no. I used to work for them, and I know for a fact that we had clients that traded Canadian stocks (not their U.S. equivalent).


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May 23, 2012 - Mailed I-751
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June 8th, 2013 - 10 yr GC Received (FINALLY)

AOS Timeline:
March 23, 2010 - Mailed I-485 (AOS), I-131 (AP), I-765 (EAD)
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April 22, 2009 - I-129F Sent
November 20, 2009 - Interview in Montreal - Approved!
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Hey Folks,

Haven't been here in a while. I was wondering if anyone of you has come across this problem, and what the solution may be.

I have a few CDN stocks and since I'm here in the US now, scotia bank won't keep them for me anymore. Do you kow if there is a brokerage that will keep my CDN stocks as CDN stocks and not convert them to their american equivalent? I have asked questrader, td ameritrade, scottrade, scotia already. They can be canadian or american.

Please help!!

thanks

That's interesting. I was able to keep my Canadian brokerage account with the same company because they had brokers that were US registered. From what I understand the problem is that the US Securities and Exchange Commission (SEC) does not allow a non US registered broker to sell to a US resident so unless your Canadian company had a US registered broker you need to switch them over. Luckily I did not need to find anyone here in the US. Good luck!


USCIS

NOA1 08/19/08

NOA2 01/20/09

NVC

Received 01/26/09

Completed 02/13/09 (19 Days)

Interview Assigned 03/27/09 (6 weeks after NVC completion)

Medical

04/14/09 (Toronto)

Interview

Montreal 05/12/09 (88 days after NVC completion) **APPROVED**

POE

06/16/09 Buffalo

07/02/09 Welcome Letter Received

07/07/09 Applied for SSN

07/10/09 "Card production ordered" email received

07/13/09 SSN received

07/14/09 "Approval notice sent" email received

07/17/09 GREEN CARD received

Removal of Conditions

03/21/11 I-751 mailed to VSC

03/23/11 I-751 received at VSC

03/29/11 Cheque Cashed

03/30/11 NOA1 received (3/24/11)

04/11/11 Biometrics appointment notice received

05/05/11 Biometric appointment

12/13/11 **Approval date** (5 days short of 9 months!)

12/19/11 Approval letter and green card received

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thanks for your quick replies. I checked with TD again and they said I can't hold my stock in $CDN. I will look into interactive, i hope they are not too expensive. OBX, which brokerage are you with?


Mar 22, 2009: Filed I-130

July 17, 2009: NOA2

Aug 7, 2009: AOS Fee Letter

Aug 17, 2009: Fee PAID Status Received

Sept 8, 2009: NVC Received Supporting Documents and DS-230

Sept 16, 2009: RFE Received for Missing Documents

Sept 18,2009: Mailed Out Missing Documents

Oct 1, 2009: Case Completed at NVC

Feb 1, 2010: Interview at Montreal - Success!

Feb 4, 2010: Got Visa in Mail

Feb 5, 2010: POE - Rainbow Bridge

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I was told that you could keep them as long as they were acquired while you were a resident of Canada. I'm not sure if your situation is a bit different since you're trying to transfer an existing account. I use Halton Financial Group. He is licensed in Canada and the US and is used to dealing with Canadian non-residents. His staff are very well informed and very helpful so if Don's not available you can ask them.


iagree.gif

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Hey Folks,

Haven't been here in a while. I was wondering if anyone of you has come across this problem, and what the solution may be.

I have a few CDN stocks and since I'm here in the US now, scotia bank won't keep them for me anymore. Do you kow if there is a brokerage that will keep my CDN stocks as CDN stocks and not convert them to their american equivalent? I have asked questrader, td ameritrade, scottrade, scotia already. They can be canadian or american.

Please help!!

thanks

I don't have a few CDN stocks;I have quite bit of them.I've worked on this the same issue for three months once I've moved to USA..I hope u are refering to stocks,not like mutual funds..If so you have ONLY one option which is ETRADE.You open up CDN brokare account with them and they will keep it as is without converting them into USA equilevent.I'm currently in the process of doing this...

i've talked to TD Amerite in person here in CA.It was a terrible experience,they never heard of such thing.I didn't feel comfortable proceeding with them,then moved on to the next one.Scot-trade,chawb trade etc all are popular here...

After talking to each of them ,I've chose ETRADE.They are the only ones who can offer you what you are asking for.All other would convert into USA equvilent...

Which broker are you using it in Canada currently?Scotia-ITrade?

If you need more info,PM me...


I-130 Journey

04-18-09 - I-130 sent USPS Priority to Chicago Lockbox

04-24-09 - I-130 received by USCS and the first touch

04-27-09 - I-130 NOA1 (California Service Center)

04-27-09 - Check Cashed

08-13-09 - I-130 Received NOA2 e-mail

08-17-09 - I-130 Received NOA2 Hardcopy (I-797)

NVC Journey

08-17-09 - NVC Received/Case number assigned

09-08-09 - NVC sent the first mail to the petitioner

09-08-09 - DS-3032 / AOS Bill Generated

09-08-09 - E-mailed DS-3032

09-09-09 - Mailed DS-3032

09-09-09 - Pay AOS Bill (Online)

09-10-09 - AOS Bill Show as PAID

09-10-09 - IV Bill Generated

09-11-09 - Paid IV Bill

09-11-09 - NVC accepted DS-3032(received an e-mail)

09-12-09 - Mailed I-864 Package

09-14-09 - IV Bill Show as PAID

09-15-09 - I-864 received at NVC

09-16-09 - Mailed IV Package(DS-230)

09-17-09 - DS-230 package delivered to NVC(confirmed via fed-ex)

09-21-09 - NVC received the DS-230

09-23-09 - NVC sent an e-mail asking for DS-230 package

09-24-09 - NVC confirmed that the DS-230 package received

09-26-09 - Login Failed!!!

09-28-09 - Case Completed at NVC --------------------------------------------------NVC stage is completed in 38 days

01-27-10 - Medical

02-05-10 - Interview Date

04-14-10 - POE

Done with USCIS until Apr 14,2012 (Removal of Conditions)

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thanks for your quick replies. I checked with TD again and they said I can't hold my stock in $CDN. I will look into interactive, i hope they are not too expensive. OBX, which brokerage are you with?

BMO Nesbitt Burns.

Edited by OBX

USCIS

NOA1 08/19/08

NOA2 01/20/09

NVC

Received 01/26/09

Completed 02/13/09 (19 Days)

Interview Assigned 03/27/09 (6 weeks after NVC completion)

Medical

04/14/09 (Toronto)

Interview

Montreal 05/12/09 (88 days after NVC completion) **APPROVED**

POE

06/16/09 Buffalo

07/02/09 Welcome Letter Received

07/07/09 Applied for SSN

07/10/09 "Card production ordered" email received

07/13/09 SSN received

07/14/09 "Approval notice sent" email received

07/17/09 GREEN CARD received

Removal of Conditions

03/21/11 I-751 mailed to VSC

03/23/11 I-751 received at VSC

03/29/11 Cheque Cashed

03/30/11 NOA1 received (3/24/11)

04/11/11 Biometrics appointment notice received

05/05/11 Biometric appointment

12/13/11 **Approval date** (5 days short of 9 months!)

12/19/11 Approval letter and green card received

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I've got a few shares of a Canadian stock. They're administered by a company called Computershare, based in Toronto. I don't believe they're a brokerage, as such. My grandparents purchased these shares for me when the company (a provincial telephone company) went public years ago, and I've never done anything with them except accept dividend cheques. I believe Computershare was administering the IPO.

This link should get you to the Canadian section of their website.

http://www-us.computershare.com/default.asp?bhjs=1&fla=1&cc=ca〈=en

They were sending me quarterly dividend cheques in Canada. After I moved to the US I sent their Client Services department a letter notifying them of my change in residence status, and requesting them to send my cheques to my American address and to withhold the required non-resident tax. I received my most recent cheque a few weeks ago with non-residence tax withheld, so everything seems to be working. They expressed no objections to me, as a non-resident, holding stocks or receiving dividends.

You might want to look into seeing if they can hold/administer your Canadian stocks.


DON'T PANIC

"It says wonderful things about the two countries [Canada and the US] that neither one feels itself being inundated by each other's immigrants."

-Douglas Coupland

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