Invest in stocks market as an international student

[kimle.ca]

Hi all,
I ve been in Canada for almost 1 year and I m currently studying post graduate. Is it allowed for international student buy and sell stocks, mutual funds, bond....canadian firm? Please advise
Thank you

 

[NetMecca]

It is indeed permitted. Anyone, resident or non resident could legally own shares in businesses in Canada.

There may be a limit to the percentage of a Canadian business you could procure, however if you are planning trading on the stock market this will not likely prove an issue. Speak to your bank (I bank with TD) about options for setting up a trading account that will give you access to this without too much trouble.

Cheers!!

 

[kimle.ca]

Anyone investing in ShareOwner as an international student? How is the chance to make profit?

 

[jinzfe]

It is indeed permitted. Anyone, resident or non resident could legally own shares in businesses in Canada.

There may be a limit to the percentage of a Canadian business you could procure, however if you are planning trading on the stock market this will not likely prove an issue. Speak to your bank (I bank with TD) about options for setting up a trading account that will give you access to this without too much trouble.

Cheers!!

Hi,

Just wondering if international students in Canada are allowed to buy US stocks?

Thanks.

 

[NetMecca]

Never had to deal with this, however I am under the impression that if you are able to open a bank account in Canada, getting access to US stocks should be as simple as setting up a trading account with your bank. I know I had access to this even on a workpermit (way back when I landed).

 

[sapguru]

Hi all,
I ve been in Canada for almost 1 year and I m currently studying post graduate. Is it allowed for international student buy and sell stocks, mutual funds, bond....canadian firm? Please advise
Thank you

not only you can buy stock, but also become broker depending upon your work permit. you may personal message me if interested to learn more.

 

[yengyeng]

My understanding on this topic is that you can trade only if you're a Permanent Resident. SIN number starting from 9 won't be acceptable to create an account for you. I waited and got my PR before i started trading. Things might have changed tho. Consult with your bank

 

[Jitu1011]

I have been inversting and trading in stock from very start when I landed in Canada (2009) as student. Now after getting so much experience, I would suggest go to Questrade they charge the cheapest trxn fee compared to all banks. Your just need to sign one extra form w8-Ben, otherwise no other restriction to start trading. Obviously you need money to start with (min $1000)

 

[picklee]

Some banks will not open trading accounts for temporary residents with SINs beginning with “9”.

You can trade US stocks from Canada, but your dividends and earnings will be cut down by a 15% withholding tax, which you cannot recover if you are a non-US person.

 

[ethanscott]

Hi all,
I ve been in Canada for almost 1 year and I m currently studying post graduate. Is it allowed for international student buy and sell stocks in the share market, mutual funds, bond....canadian firm? Please advise
Thank you

I think that would be the case with any country. Even in India for that matter, as long as you have a legal license to invest in the share market, you are allowed to purchase and sell stock in the share market.

 

[sagar rajput]

hi there

can anyone tell that i can trade us stocks on work permit or no? does it matter to be a full time or part time worker or anything affects to get a PR as i just finished my study as i'm international student in canada. i'll appreciate the replies

 

[genkaplevis]

I think that would be the case with any country. Even in India for that matter, as long as you have a legal license to invest in the share market, you are allowed to purchase and sell stock in the share market.

Hi..A student is not allowed to participated in any kinds of financial markets in foreign countries like, Canada, Australia, USA, New Zealand & more. As above replied on the base of Indian stock markets, Yes you can invest in Indian stock markets or commodity market if your are more than 18 years old and you should have all required documents (Must be Indian Citizen) of trading account opening.

Required Documents for account opening in Indian Stock markets:

• A Photograph
• PAN Card
• Adhar Card
• Address proof
• Margin cheque
• 6 Month Bank Statement

 

[genkaplevis]

If you fulfilled the above criteria then you can easily apply for online trading account.

 

[MikeyMikeDude]

Never had to deal with this, however I am under the impression that if you are able to open a bank account in Canada, getting access to US stocks should be as simple as setting up a trading account with your bank. I know I had access to this even on a workpermit (way back when I landed).

Did you remain in canada or went back home? If so did you still remain with your accounts once they were open when you went back home.

 

[Stryk3r]

You are allowed to invest in the market here in Canada. https://www.rbc.com/newcomers/investing-in-canada.html