CanadaDec 27, 2023
Ford Motor Companysamsec
Investing the money as non-resident of Canada
Is there a way for non tax residents to invest money in Canadian bank? Can not contribute to TFSA/RRSP since not tax resident. The interest in savings account is so low (CIBC, TD etc).. What is the best way to invest the money?
Why not you invest in US? Why Canada?
because of USD/CAD currency conversion
Aah got it.. you don’t want to convert CAD to USD because of conversion rate and want to invest your Canadian money in Canada only. Not sure how much you have but Canadian returns are very low and would prefer buying small condo snd put it on rent depending upon downpayment amount of money you have.