26 plain-English guides on canadian tax, each one ending in what to do next.
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You can hold US stocks in a TFSA, but the 15% US withholding tax on dividends is trapped inside the account. There is no foreign tax credit to recover it.
Canadian TaxAn RRSP is a tax-deferred retirement account in Canada. Contributions are deductible, growth is sheltered, and withdrawals are taxed as income.