Friday, April 16, 2010

Short Takes: U.S. Dollars in RBC RRSPs and more

1. Canadian Capitalist reports that RBC will start letting clients hold U.S. dollars in their RRSPs and TFSAs. This may not sound like a big deal, but it can save big dollars on currency conversion when buying and selling US securities in your registered account.

2. Big Cajun Man outlines the rules for rolling registered accounts over to disabled children.

3. Larry MacDonald doesn’t like tax thresholds that don’t automatically rise with inflation. I don’t blame him. Hidden tax increases don’t sit well with me either.

4. Preet reviews the Apple iPad with action pictures. A good quote: “It’s definitely a winner. But you don’t NEED it.”

5. Million Dollar Journey has some advice for those interested in buying a car at an auction.

5 comments:

  1. Thanks for the mention, have a dry weekend

    ReplyDelete
  2. Thanks for the mention Michael. It would be interesting to see if and how soon the other brokers match this move by RBC.

    ReplyDelete
  3. It would be great to be allowed to hold US $ in an RRSP, just when the loonie is so high and people want use their increased purchasing power to buy U.S. securities

    ReplyDelete
  4. Thanks for the link Michael! Hope you had a great weekend...

    ReplyDelete