National Bank Direct Brokerage
- Commission-free trading
- Several account types available
- Access to array of research tools
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
ByteDance is expected to go public soon. Here's what we know about the IPO — and how to buy ByteDance stock in Canada when it's available.
National Bank Direct Brokerage
CIBC Investor's Edge
ByteDance, parent company of popular video sharing app TikTok, has shelved plans to go public after being told by Chinese regulatory authorities to manage data-related security risks.
Reports arose that the company was planning an IPO after it hired Shou Zi Chew, a former Xiaomi executive, as its CFO. ByteDance IPO rumours have been swirling for over a year now, but the company has yet to publicly file a prospectus or confirm that it will publicly sell its stock. (There have also been reports about a possible TikTok IPO, but the event has been similarly halted.)
China's security crackdown has affected a number of China-based companies' plans to go public including Ant Group (owned by Alibaba founder, Jack Ma) and ride-sharing service, Didi Chuxing. It's believed that the increased regulatory scrutiny may stem in part from an unwillingness to comply with foreign regulations requiring data disclosure.
We will update this page as new information emerges.
Note: all dollar amounts on this page are in US dollars unless otherwise stated.
Once ByteDance goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
You won't be able to buy ByteDance stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.
You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.
Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).
How to buy international stocks in Canada
Note: The dollar amounts in the table below are in Canadian dollars.
Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.
An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.
Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you've already paid to the IRS.
Speak with a tax professional to find out what rules and exceptions apply in your circumstances.Online stock trading
Your guide to how ETFs work and whether this type of investment is right for you.Read more…
The best stock trading app for beginners is easy to use and offers free trades.Read more…
Learning how to read stock charts and recognize chart patterns can unlock your success as a trader.Read more…
Compare some of the best bad credit loans in PEI.
Your guide to the features, interest rates and fees to expect when you apply for a short-term loan with Credito.
Pay for unexpected bills and avoid overdrafts when you sign up for apps like Bree.
Take a closer look at the debt relief solutions, features and fees of Debt Relief Canada.
Learn more about Desjardins Online Brokerage (Disnat) to see if it’s the right broker for you.
We show you the best prepaid credit cards in Canada, whether you’re looking for a prepaid card with no fees, cash back rewards, or travel perks, or more.
This guide provides step-by-step instructions on how to buy Sui, lists some exchanges where you can get it and provides daily price data on (SUI).
Compare apps like Nyble in Canada to access emergency funding.
Your guide to buying and financing a car in Canada with RightRide.
Your guide to bad credit car loans in BC and how to find the right financing for your needs.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.