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Can I put UK shares in my TFSA?



Our response:

Similar to holding foreign securities inside an RRSP, see this previous question for information from the Canada Revenue Agency (CRA) regarding qualified investments for registered plans.

We are not able to provide investment advice. While you may be able to hold foreign securities inside a TFSA, foreign dividends are subject to a foreign dividend withholding tax – holding these stocks inside a TFSA may not shield you from this tax. Speak to a registered financial advisor and your accountant for information on qualified foreign investments, including foreign mutual funds, and any tax considerations and questions regarding foreign currency conversion inside an RRSP before you invest.

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