Vox Royalty, which currently trades on the TSX Venture Exchange, has applied to begin trading its stock on the Nasdaq as well. Here’s what we know about the public offering and how to buy Vox Royalty stock in Canada when it becomes available on the Nasdaq.
Finder’s top picks on where to buy Vox Royalty stock when it goes public
Finder’s Pick for
Beginners
Finder’s Pick for
Global Trading
Finder’s Pick for
Free Trades
How we chose our Finder’s Picks
We evaluate stock trading platforms against a range of metrics that include fees, ease of use, available securities and advanced tools to meet specific investor needs. You can learn more about our methodology here. We encourage you to compare stock platforms to find one that’s best for your particular budget and goals.Our pick for beginners. We chose CIBC Investor’s Edge for this category because it offers low and competitive fees, as well as an easy-to-use, user-friendly interface and provides a number of learning resources to help you get acquainted with the platform. In addition, students can take advantage of special pricing for making trades if they have a CIBC Student Bank account.Our pick for global trading. We chose Interactive Brokers for this category because it offers extensive trading capabilities and access to advanced trading tools to help traders in their investing journey, as well as access to a large number of international stock exchanges. Our pick for free trades. We chose Wealthsimple for this category because it offers commission-free trading. With no account fee, the mobile app is clean and intuitive to use.
What we know about the Vox Royalty IPO
Vox Royalty filed a draft registration with the US Securities and Exchange Commission under the ticker symbol VOXR. Not yet an official IPO, it’s one of the first steps of taking a private company public.
There’s no news yet about how much the stock will cost when it goes public. It’s expected to launch towards the end of October 2022. The shares will be available on the Nasdaq.
Note: all dollar amounts on this page are in US dollars unless otherwise stated.
How to buy Vox Royalty stock when it goes public
Once Vox Royalty 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.
Compare stock trading platforms. Use our comparison table to help you find a platform that fits your needs.
Open your brokerage account. Complete an application with your details.
Confirm your payment details. Fund your account.
Research the stock. Find the stock by name or ticker symbol – VOXR – and research it before deciding if it’s a good investment for you.
Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Will I be able to buy Vox Royalty stock in Canada?
You won’t be able to buy Vox Royalty 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
How do similar companies perform?
It’s impossible to predict how any stock will perform—and IPOs can be particularly volatile. But evaluating the performance of companies like Vox Royalty can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn’t include every stock available.
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Note: The dollar amounts in the table below are in Canadian dollars.
Tax implications of buying US stocks in Canada
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.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
