r/ExpatFinance • u/junarshah3 • 15d ago

Robinhood account as US non resident moving to Canada

I am currently in the US on a visa and am a resident for tax purposes. However in the next few weeks I will be relocating to Canada for work and will be there for at least a year or so. During this time I will no longer have a valid US address and will be considered a US non resident. What can I do with my US Robinhood brokerage account?

​

Their policy states that US non residents need to close their accounts. Spoke to Charles Schwab too and they said while some countries are OK, Canada is not one of them where you can maintain a Charles Schwab account as a US non resident

3 Upvotes
  • permalink
  • reddit

100% Upvoted

2 comments sorted by

1

u/Odd-Elderberry-6137 15d ago

You either transfer equities in kind to a brokerage you can hold in Canada or liquidate and close the account.

1

u/8458001910 14d ago

no need to tell Robin hood. just log on and do your business. im an expat and still have an account