I have a RESP account at Questrade. I bought 700 shares of ECA using USD in my account last year at 5 USD and bought another 400 shares of ECA.TO using CAD this year. However, I found that my ECA in US was changed to ECA.TO shares by Questrade, making the total 1100 shares of ECA.TO. I called the hotline. It took the guy 20 minutes to figure out what happened. He told me that it is based on CRA rules for RESP accounts. What he said is that in a RESP account, if you buy dual listed stocks, they will be automatically converted to Canadian stocks. Anyone knows if he is telling the truth?
Submitted September 20, 2017 at 12:17PM by scotte168 http://ift.tt/2xvN7pW
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