Moving to the U.S.? Don’t rush to convert your Canadian portfolio Jun 29th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
 IPO

How to build a financial plan when your income is unpredictable + MORE Aug 14th

A lot of mainstream financial advice operates under the assumption of predictable paycheques and enough financial cushion to comfortably optimize for retirement, investing, or home ownership. But when you’re self-employed, money management tends to look a little different. I’ve been a freelan.... More »
 broker

More Canadians are rethinking their bank. Should you? Jul 22nd

Clinton Begin was growing tired of frequent visits to bank branches and calling into the trading desk to check on various transactions. “There (were) a lot of things that just took too much of my time. I was always phoning, always going to visit them. It was always a big deal,” he recalled. .... More »

What to know if you ever fall victim to fraud in Canada Sep 10th

Know someone who’s been a victim of fraud? It’s a sensitive subject: There’s financial loss and the addition of guilt and embarrassment can worsen things significantly. As scams and bank fraud become more complex, it’s important to know what to do in case you are victimized. MoneySense.... More »

7.4-magnitude earthquake strikes Colombia, killing at least 47 and trapping people in collapsed buildings - CBC Aug 10th

7.4-magnitude earthquake strikes Colombia, killing at least 47 and trapping people in collapsed buildings  CBCOutside Source | Buildings collapse after earthquake in Colombia  BBCMore than 70 dead after powerful earthquake strikes western Colombia  The GuardianColombian.... More »

The safety-deposit box mistake that can leave your family scrambling Aug 26th

Most of us haven’t set foot in a bank vault, but many of us still have the instinct: important documents and prized possessions belong somewhere locked away. Yet a safe-deposit box only holds real value if our financial lives are organized enough that someone else could easily step in if somet.... More »
Moving to the U.S.? Don’t rush to convert your Canadian portfolioFor many Canadians relocating to the United States, one of the first financial questions that surfaces is whether they should convert their Canadian investments into U.S. dollars. The answer is usually no, and acting too quickly can cost you more than you might expect.

The instinct to “go American” makes sense but can be expensive

When London accepted a new job opportunity in Seattle, he assumed one of the first things he would need to do was convert his Canadian investment portfolio into U.S. dollars. Like many Canadians moving south, the logic seemed straightforward: If he was going to live, work, and spend money in the United States, shouldn’t his investments be in U.S. dollars too?

At the time of his move, London had approximately $500,000 invested in a non-registered account at a Canadian financial institution. The problem? Currency conversions are not investment decisions—they are foreign exchange decisions.

As of June 2026, the Canadian dollar remains relatively weak compared to the U…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!