how to transfer stock between US and Candian account internally

Socj
Socj Member ✭✭
edited August 2022 in Investing (Windows)
how to transfer stock between US and Canadian accounts internally
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Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Those accounts presumably have different currencies set up for them.  USD and CAD, respectively.
    In which account, in which currency, did you actually buy the stock?
    And, the USD and CAD aren't at 1:1 parity, so this action might get tricky.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    I am not sure what your 'internally' references.  

    (As best I understand it) Within Quicken an investment account must be set up for USD or CAD,  Once so set, the account can only hold securities traded in those respective currencies.  A USD account cannot hold Canadian-based (CAD traded) securities nor can a CAD account hold securities that trade in USD.  
  • Socj
    Socj Member ✭✭
    Yes, but I am unable to transfer the stock that is traded in TSX and NY exchange, i.e., transfer the the same stock from Canadian account to US account. It appears the rule is for internal transfer you need to have a different name of the stock or different currency account.
  • smayer97
    smayer97 SuperUser, Mac Beta, Canada Beta ✭✭✭✭✭
    How about simply doing a Move Shares Out from one register (US) and Move Shares In to another (CA)?
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