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Should Canadians Buy US Stocks in their Tax Free Savings Account? (TFSA US STOCKS)Yes, you can definitely buy US stocks in a TFSA! All the investment in the TFSA account, whether from capital gains or dividends, is tax-free. The US doesn't recognize the tax sheltered nature of TFSA so it is basically very undesirable to have it when you are filing your US taxes. The capital gains and investment income earned from TFSAs are usually free from tax. As a result, it gets easier to save money for short-term and long-term goals.
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