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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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Washington Hosts Urgent Talks as Regional Powers Weigh Options on Iran

 

The aircraft carrier USS Abraham Lincoln and several guided-missile destroyers have crossed into the Middle East region.


Senior officials from Saudi Arabia and Israel traveled to Washington this week for high‑level discussions with U.S. leaders, reflecting growing concern over the possibility of military action against Iran.

Regional Coordination Intensifies

  • Israeli defense and intelligence representatives met with American counterparts to exchange assessments and outline potential operational scenarios.
  • Saudi officials focused on diplomatic avenues while also preparing for the possibility of broader regional instability.
  • U.S. officials engaged both delegations separately, aiming to prevent escalation while keeping military options on the table.

Why It Matters

The simultaneous visits underscore how seriously regional powers are taking the rising tensions. While Israel has signaled readiness for targeted strikes, Saudi Arabia has emphasized the need to avoid a conflict that could destabilize the Gulf.


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