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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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Parliament's Last-Minute Decision on $21B Spending Bill


                                                                        

 In a dramatic turn of events, Members of Parliament are gearing up for an eleventh-hour vote on a $21.6 billion spending bill. The vote, which is set to take place late tonight, comes just hours before the crucial deadline of December 10th.

The bill, proposed by the Liberals, seeks to allocate funds for various programs, including the First Nations child and family services program and compensation for Quebec's services for asylum seekers. However, the path to this vote has been anything but smooth. Parliament has been in a deadlock for months as Conservatives have been pressing the Liberals to release documents related to alleged misspending on a green-tech fund.

In a surprising move last week, Speaker Greg Fergus ruled to pause the ongoing privilege debate, allowing the spending bill vote to proceed. This decision underscores the urgency and importance of the bill, which includes $561 million for the Department of National Defence's Canadian multi-mission aircraft project.

Government House leader Karina Gould expressed cautious optimism, stating, "I'm looking forward to having the vote. There's a lot of really good things in there for Canadians, and it's important we get this done."

The outcome of this vote will have significant implications for various government programs and services, making it a pivotal moment for Canadian politics.



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