No margin trading is allowed in TFSA/RSP accounts. All purchases must be paid in full in the product's respective currency. In addition, no account debit balances are allowed. If needed, a currency trade could be executed between USD and CAD. See: How do I convert currency in my Interactive Brokers (IBKR) account?
Accounts are restricted to cash balances in CAD and USD.
You can only deposit CAD into your TFSA or RSP account. However, you are allowed to convert CAD into USD within the account.
The TFSA/RSP account is allowed to trade the following qualified investments:
- Stocks listed on designated US and Canadian exchanges (excluding Venture-NEX segment and CSE single listed stocks)
- Long equity call options
- Long equity put options
- Short equity call options with a fully covered position (covered call)
- Long equity put options with a fully covered position (protective put)
- Long put/call options on indices
- Warrants/Rights if the underlying asset acquired under the right to purchase is a qualified investment
- U.S. Bonds
- FX conversions limited to USD.CAD
You can find information on RSP and TFSA accounts on our website.
Note
- US OTC/Pink (penny) Stocks are non-qualified investments and are not allowed in the RSP/TFSA account.
Additional Information