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A Canadian Dividend Stock Is Leaving Canada — What Algonquin Power's US Move Means for Your RRSP and TFSA

  Published August 9, 2026 Algonquin Power's move to Delaware could change how your dividends are taxed — and whether index funds keep holding the stock at all. If you've owned Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) in your RRSP or TFSA for the dividend, pay attention this week. On Friday, August 7, the Oakville, Ontario-based utility announced it plans to leave Canada — reincorporating as a Delaware company with its head office moving to Chicago. It's not a rumour or a boardroom leak. It came straight from the company's own Q2 2026 earnings release, and CEO Rod West was blunt about the reasoning: more than 80% of Algonquin's operations are now in the United States, with less than 5% left in Canada. The plan is to align the corporate address with where the business actually lives. What's actually changing Here's the plan as Algonquin has laid it out: The company would formally "continue" out of Canada and reincorporate in Delaware,...

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Tragedy in Valencia: Floods Claim 205 Lives, Sparking Anger and Calls for Aid

 

Three days after devastating flash floods swept through towns in Spain’s Valencia region, the death toll has risen to 205, with 202 victims from Valencia alone. The initial shock is now giving way to anger and frustration as residents grapple with the aftermath of Spain’s deadliest natural disaster in living memory.

The floods, which began on Tuesday, have left streets blocked by vehicles and debris, trapping some residents in their homes. Many areas are still without electricity, running water, or stable telephone connections. The damage is reminiscent of a tsunami, with survivors mourning lost loved ones and struggling to rebuild their lives.

Local authorities and emergency services are working tirelessly to search for missing persons, many feared to be trapped in wrecked vehicles or flooded garages. The mayor of Chiva, Amparo Fort, described the situation as “unbelievable” and called for more machinery and aid to access affected sites.

Residents like Emilio Cuartero from Masanasa have voiced their desperation, highlighting the urgent need for basic supplies such as bread and water. The community’s resilience is evident as they come together to clear debris and support one another, but the scale of the disaster has left many feeling overwhelmed and in need of greater assistance.

As the region continues to recover, the solidarity among the people of Valencia offers a glimmer of hope amidst the devastation.


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