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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (4091)	1/8/2000 4:49:00 PM
From: t2	Read Replies (1) \| Respond to of 24042

OT RRSP and trading--foreign content and US moneymarket funds. I have been trading like this for a while and so does a friend of mine who trades a lot. TD Waterhouse is the only one in Canada that will allow it. The good thing is that it is a ---US RSP Money market fund---and it is priced in US dollars if one desires. You have to advise the TD everytime you trade to ensure they offset the buy and sell rates (ie buy stock and sell money market and vice versa). One additional benefit is that if you are a trader, you can park your money in the US RSP money market fund at month end and avoid the foreign content penalties which are calculated on the last day of the month(per the Income Tax Act). Therefore, you would have to sell securities for settlement on the 31st (or 30th depending upon the month). 1 day before for options and 3 days before for stocks. Just like the US RSP Index funds are considered Canadian content, so is the US RSP money market fund. Just make sure you don't pick the regular US money market---for maximum benefit. Just make sure you advise the trader to offset the exchange rates No loss in foreign exchange and avoid foreign content penalties. That is why i trade so much with TD Waterhouse and less with my other online broker. I think other banks will probably start offering it soon if they are smart.