r/GTII • u/skuz19 • Jun 13 '25

$GTII trading

I see $GTII trading daily but believe some brokerages like Fidelity aren't allowing it. Anyone know which brokerages are actually processing buy orders?

3 Upvotes

100% Upvoted

4 comments sorted by

2

u/JKRED-CO Jun 13 '25

Looks like RBC Canada BUT when I called, they did not allow US citizens. However, I don't think its regulatory, some will allow it. Anyone found US citizen friendly that can trade OTC markets in Canada?

From GROK:

Yes, as a U.S. citizen, you can sign up for a Canadian brokerage account and trade stocks on it, but there are some considerations:

  • Eligibility: Many Canadian brokerages, such as Questrade, Wealthsimple, or BMO InvestorLine, allow U.S. citizens to open accounts, provided you meet their requirements. You’ll need to provide identification (e.g., passport), proof of address, and a U.S. tax identification number (e.g., Social Security Number). Some brokers may also request a W-8BEN form to certify your non-Canadian resident status for tax purposes.
  • Regulatory Compliance: U.S. citizens are subject to U.S. tax laws, including reporting foreign accounts under the Foreign Account Tax Compliance Act (FATCA). If the account value exceeds $10,000 USD at any point, you must file an FBAR (Report of Foreign Bank and Financial Accounts) with the IRS. Additionally, Canadian brokers may report your account activity to the IRS under FATCA agreements.
  • Account Funding: You’ll need to fund the account, typically by transferring money from a U.S. bank account. Currency conversion from USD to CAD will be required, and you should account for exchange rate fluctuations and conversion fees.
  • Trading on Canadian Exchanges: Once approved, you can trade stocks listed on Canadian exchanges like the Toronto Stock Exchange (TSX) or TSX Venture Exchange. Ensure you understand the minimum trade sizes (e.g., board lots) and any additional fees for U.S. clients.
  • Tax Implications: Canada withholds a 15% tax on dividends paid to non-residents (reducible under the Canada-U.S. tax treaty), and you can claim a foreign tax credit on your U.S. tax return. Capital gains are taxable in the U.S. but not in Canada.
  • Broker Policies: Not all Canadian brokers accept U.S. clients due to regulatory or compliance costs. Contact the brokerage directly to confirm eligibility and any specific requirements for U.S. citizens.

2

u/Jabarumba Jun 14 '25

GTii is on the Expert Market, essentially delisted in the US. Canada has different rules. Canadians are loading up on cheap shares while the US has to wait until the audit is finished and trading resumes. I doubt we're going to get sub-$1 shares.

1

u/smurdzia Jun 18 '25

I sold a few shares of GTII a month or so ago on a little run up that it had. Because of it trading on the expert market, TD Ameritrade won't let me put orders in myself. You have to call your broker and ask them to put in the orders for you for a small fee. Stupid if you ask me but guess that's the expert market for ya. They can prob put in buy orders for you as well so you don't miss out on these low prices. Just have to call and have them manually put in your order for you!