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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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Venice Erupts in Protests Over Controversial €5 Tourist Entrance Fee


Venice, the picturesque Italian city known for its historic canals and narrow alleyways, was rocked by violent clashes between police and protestors. The cause? A contentious new “tourist tax” aimed at curbing overtourism during busy periods. Here’s what you need to know:

  • The Fee: The new entrance fee, set at €5 (approximately £4.30), applies to short-stay visitors and is in effect from today until May 5. On weekends, it will continue until July 14.

  • Critics’ Concerns: Demonstrators expressed their contempt towards the fee, arguing that it is unlikely to significantly reduce the approximately 30 million annual trips made to Venice. Some fear that it could tarnish the city’s public image.

  • Former Mayor’s Surprising Statement: Massimo Cacciari, a former mayor of Venice, went so far as to call the fee “absurd.” He suggested that tourists should outright refuse to pay, emphasizing that they already contribute to the city’s economy through various other expenses.

  • Business as Usual for Gondoliers: Amid the protests, gondoliers continued their usual work, ferrying tourists through the city’s iconic waterways. Tourists snapped photos of the demonstrations unfolding around them.

  • World’s First City to Charge an Entry Fee: Despite pleas from residents’ groups to reconsider the scheme, Venice became the first city globally to impose an entry fee specifically for day-tripper tourists. The goal is to manage congestion during peak times.

While the clashes highlight the tension surrounding the fee, the debate continues. Should visitors pay to experience the magic of Venice, or is this fee an unnecessary burden? Only time will tell how this unique policy shapes the city’s future.


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