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

Jayz

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.

NotACPA

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.

NotACPA

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.

Jayz

Just to clarify :) ... my question is how do I or can I hold a US$ ETF or stock in my C$ TFSA account.

NotACPA

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.

Jayz

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

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.