If a person wants to expand his investment opportunities and become a part of some of the great US companies. Then yes, buying US stocks in Canada is totally worth it.
The Canadian market is presently overshadowed with the presence of US stocks. The overall process and steps involved in buying US stocks is also similar to buying Canadian stocks. All you need to do is open an account and hire a broker.
The US stocks offer great returns and make your portfolio look very diverse. It will provide you a glimpse of the American market. All you need to do is weigh the risks and returns involved in investment.
One need not worry about any kind of double taxation. All the taxes you pay internationally will be allowed for credit reversal. This being said, you just need to pay the Capital gain taxes on the stock profits. There are plenty of advantages to buying US stocks in Canada such as:
Hence, being in Canada and buying US stocks is totally worth it. You can consult a broker about the commissions and conversions. There are plenty of brokers in Canada that make the top list. What are your thoughts on it? Do you feel buying US Stocks as a Canadian resident is worth it? Do share your views.