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How can I avoid currency conversion for dividends paid in USD for stocks held in the Canadian dollar component of my account?
If you hold a stock in the Canadian dollar component of a TD Direct Investing account that pays dividends in U.S. dollars, you can avoid currency conversion by transferring the stock to the U.S. dollar component of an applicable TD Direct Investing account. That way, the dividend paid in U.S. dollars will be deposited in the U.S. dollar component of your account in U.S. dollars, with no currency conversion.
To redeem the Canadian denominated security in Canadian dollars, make sure you transfer the stock back to the Canadian dollar component of your account prior to redeeming, to avoid currency conversion.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.