Comments on: How to “Wash” Your Trade? http://www.canadiancapitalist.com/how-to-wash-your-trade/ Helping you invest and prosper Sat, 11 Feb 2012 19:27:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Canadian Capitalist http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-1404946 Canadian Capitalist Mon, 16 Jan 2012 06:07:25 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-1404946 @Vic: Thanks. I wrote about it when TDW first allowed auto wash. I'll update the post. http://www.canadiancapitalist.com/automatic-wash-trading-at-td-waterhouse/ @Vic: Thanks. I wrote about it when TDW first allowed auto wash. I’ll update the post.

http://www.canadiancapitalist.com/automatic-wash-trading-at-td-waterhouse/

]]> By: Vic http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-1384256 Vic Wed, 11 Jan 2012 03:15:50 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-1384256 You can now phone TD Waterhouse and set up a auto wash ! You can now phone TD Waterhouse and set up a auto wash !

]]> By: Cal http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-1382130 Cal Tue, 10 Jan 2012 18:00:29 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-1382130 Too bad there isn't a way to do all of this online, as opposed to having to call the broker. Too bad there isn’t a way to do all of this online, as opposed to having to call the broker.

]]> By: Automatic Wash Trading at TD Waterhouse « MoneySense http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-522036 Automatic Wash Trading at TD Waterhouse « MoneySense Mon, 09 May 2011 14:39:30 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-522036 [...] rate on the buy and sell to the same value automatically and if the investor did not call in to wash the trade, converted the net proceeds of $10,000 into Canadian dollars. The conversion would have cost the [...] [...] rate on the buy and sell to the same value automatically and if the investor did not call in to wash the trade, converted the net proceeds of $10,000 into Canadian dollars. The conversion would have cost the [...]

]]> By: Automatic Wash Trading at TD Waterhouse | Canadian Capitalist http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-520670 Automatic Wash Trading at TD Waterhouse | Canadian Capitalist Sun, 08 May 2011 23:18:01 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-520670 [...] rate on the buy and sell to the same value automatically and if the investor did not call in to wash the trade, converted the net proceeds of $10,000 into Canadian dollars. The conversion would have cost the [...] [...] rate on the buy and sell to the same value automatically and if the investor did not call in to wash the trade, converted the net proceeds of $10,000 into Canadian dollars. The conversion would have cost the [...]

]]> By: How to avoid currency conversions on US Dividends | Canadian Capitalist http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-520650 How to avoid currency conversions on US Dividends | Canadian Capitalist Sun, 08 May 2011 23:02:53 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-520650 [...] dividends received from US-listed ETFs. A client can call one day prior to the dividend payment and wash the US dollar dividends into TDB166. However, a quick call to TD Waterhouse revealed that the broker will not wash dividend payments [...] [...] dividends received from US-listed ETFs. A client can call one day prior to the dividend payment and wash the US dollar dividends into TDB166. However, a quick call to TD Waterhouse revealed that the broker will not wash dividend payments [...]

]]> By: Shawn http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-170090 Shawn Mon, 24 Nov 2008 15:37:21 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-170090 Good news for BMO account holders! I asked BMO about wash trades and US cash in RRSP accounts, and got this reply today: "There is a long term plan to allow US$ cash in RRSP accounts. Unfortunately I can not provide a time frame as to when this will be offered. We do allow FX washes for stock trades in RRSP accounts. To arrange this please contact a BMO Investorline Representative during trading hours. A BMO InvestorLine Representative is available at 1-888-776-6886. The best time to call us would be right after both orders have been filled." Good news for BMO account holders!

I asked BMO about wash trades and US cash in RRSP accounts, and got this reply today:

“There is a long term plan to allow US$ cash in RRSP accounts. Unfortunately I can not provide a time frame as to when this will be offered. We do allow FX washes for stock trades in RRSP accounts. To arrange this please contact a BMO Investorline Representative during trading hours. A BMO InvestorLine Representative is available at 1-888-776-6886. The best time to call us would be right after both orders have been filled.”

]]> By: Limited Wash Trades at Credential Direct http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-136581 Limited Wash Trades at Credential Direct Tue, 03 Jun 2008 21:05:11 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-136581 [...] thanks to Charles for the note Credential Direct (read review here) is now washing rates when U.S. Dollar denominated securities are bought and sold in RRSP accounts on the same day. [...] [...] thanks to Charles for the note Credential Direct (read review here) is now washing rates when U.S. Dollar denominated securities are bought and sold in RRSP accounts on the same day. [...]

]]> By: E*Trade Quietly Offers Limited Wash Trades http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-134722 E*Trade Quietly Offers Limited Wash Trades Wed, 21 May 2008 20:32:01 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-134722 [...] your post about Questrade allowing customers to hold US Dollar in their RRSPs, and I applaud TD Waterhouse’s automatic “wash trade” capability. I was under the impression that E*Trade didn’t allow wash trades, but when I switched to TD, [...] [...] your post about Questrade allowing customers to hold US Dollar in their RRSPs, and I applaud TD Waterhouse’s automatic “wash trade” capability. I was under the impression that E*Trade didn’t allow wash trades, but when I switched to TD, [...]

]]> By: Wash Trades Save You Money http://www.canadiancapitalist.com/how-to-wash-your-trade/#comment-128177 Wash Trades Save You Money Wed, 16 Apr 2008 19:25:54 +0000 http://www.canadiancapitalist.com/2007/08/07/how-to-wash-your-trade#comment-128177 [...] in your RRSP account, it’s possible that you could save more money by choosing to wash your trades than paying a lower [...] [...] in your RRSP account, it’s possible that you could save more money by choosing to wash your trades than paying a lower [...]

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