What can I invest in for my RRSP now that I am non-resident?

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What can I invest in for my RRSP now that I am non-resident?

Postby reneeky » Mon Feb 08, 2010 7:47 am

I am forced to pay back my LLP and HBP when I became a non-resident of Canada so I plan to make a big RRSP contribution this year. However, once it's in a registered account, it seems like I don't have any investment options since now I am a non-resident and I cannot buy any stocks, mutual funds, gic, etc. Am I supposed to just leave the money there sitting there as cash in a registered account?? Any advice on what I can invest the money in??
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Re: What can I invest in for my RRSP now that I am non-resident?

Postby agnelson » Mon Feb 08, 2010 8:30 am

You need to move your RRSP to a broker that dela with you while in US.
Then most options you had before will be available.

And the pay back to RRSP when you move must be done in the first 60 days after departure, not simply by the regular RRSP contribution deadline.
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Re: What can I invest in for my RRSP now that I am non-resident?

Postby reneeky » Wed Feb 10, 2010 8:04 am

Do you know of any RSP brokers that deal with someone like me, a Canadian who is now living in the US?
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Re: What can I invest in for my RRSP now that I am non-resident?

Postby agnelson » Tue Feb 23, 2010 8:19 am

TD Waterhouse is the only discounter that deals with US residents. there are several private firms that do.
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