How do I add a US$ ETF to my TFSA (Canadian) Brokerage Account Quicken file?

The Quicken account is in C$ but I can hold US$ ETFs (example ishares ICLN) in the brokerage account it represents. The Quicken account does not recognize the security in buy transaction and won't convert from US$ to Canadian $ for the security.

Best Answers

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    edited January 26 Accepted Answer
    You can't hold anything denominated in USD in an account that's CAD.  You'll need a separate USD brokerage account for this security.
    Q simply can't mix currencies in a single account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    You could try posting an IDEA post, and seeing how many votes it gets. If there's sufficient interest (and that's a non-trivia amount) Q MIGHT consider this.
    But I'm pretty sure that it won't happen anytime in the near future.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • Jayz
    Jayz Member
    Just to clarify :) ... my question is how do I or can I hold a US$ ETF or stock in my C$ TFSA account.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    edited January 26 Accepted Answer
    You can't hold anything denominated in USD in an account that's CAD.  You'll need a separate USD brokerage account for this security.
    Q simply can't mix currencies in a single account.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Jayz
    Jayz Member
    I hope a future release will consider allowing US$ trades on a C$ account.
    In a US$ trade for example the commission is in C$ the price in US$, Also more difficult to reconcile when an account must be split in two.
    Just a thought!
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Accepted Answer
    You could try posting an IDEA post, and seeing how many votes it gets. If there's sufficient interest (and that's a non-trivia amount) Q MIGHT consider this.
    But I'm pretty sure that it won't happen anytime in the near future.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
This discussion has been closed.