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Stock impact report

The TFSA Fine Print You Need to Know About U.S. Investments [Yahoo! Finance Canada]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
A Tax-Free Savings Account (TFSA) allows Canadians to grow their investments tax-free and even withdraw them tax-free. While the account is simple, there is fine print in the tax benefit when it comes to U.S. investments. TFSA allows you to invest in stocks trading on the NYSE and NASDAQ. However, any dividend paid from US stocks will be subject to 15% withholding tax even if they are invested through a TFSA. Should you invest in US stocks through a TFSA? Even though dividends are taxable, US stocks are a great TFSA investment. The NYSE and NASDAQ are the biggest stock exchanges in the world, with most global stocks trading there. Whether you want to invest in China's electric vehicle boom or Taiwan's semiconductor manufacturing edge, the NYSE offers you the right stocks. And let us not forget the capital gain from US stocks is still tax-free in a TFSA. Which US stocks are ideal for a TFSA? Since capital gains are not taxable in a TFSA, high- growth stocks are ideal for a TFS Show less Read more
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