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  5. BN: Good morning, I recently became aware that SOBO's dividends can be paid in US$. [Brookfield Corporation Class A Limited]

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Q: Good morning,

I recently became aware that SOBO's dividends can be paid in US$.

Q1. Do you consider it a good idea to journal SOBO.CA holdings in a CDN$ Non Registered account to a US$ Non Registered account so that US$ can be generated in a similar manner as journaling BN shares from my CND$ Non Registered account to my US$ Non Registered account for the purpose of generating US$.

Q2. Do you see any negative aspect or tax implication with this strategy?

Thank you for your thoughts on this and I'll await your response.

Francesco
Asked by Francesco on January 27, 2025
5i Research Answer:
1) Yes, we would consider it a good idea to avoid f/x conversion charges on US dividends. 2) We...
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