) for free daily and weekly newsletters, in-depth industry coverage and analysis, and access to ProStation - a powerful tool to help you manage your clients’’ portfolios.: I sold a U.S. stock in a non-registered account for the tax loss and waited 30 days. Now, I want to repurchase the stock in my tax-free savings account. Do I have to exchange the U.S. dollars to Canadian dollars before I put the money in my TFSA, and then exchange the funds back to U.S. dollars to repurchase the U.S.
Now, back to your question. Some brokers make it painless to contribute U.S. dollars to a registered account. For example, my broker, BMO InvestorLine, has a straightforward “move money” feature. I simply choose the account I’m moving money from, specify the currency and choose the destination account.