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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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Canada and France Plan Diplomatic Presence in Greenland

 

                                                View over the town of Maniitsoq, Greenland.

Canada and France are each preparing to establish official diplomatic offices in Greenland, a move widely interpreted as a response to heightened tensions created by renewed U.S. interest in acquiring the island.

France’s Plans

  • France intends to open a consulate in Greenland.
  • French officials describe this as a political signal supporting Denmark’s sovereignty over the territory.
  • The decision follows strong public and governmental pushback in Greenland against any suggestion of U.S. control.

Canada’s Plans

  • Canada is moving forward with plans to open a consulate in Nuuk, Greenland’s capital.
  • Canadian officials frame this as part of a broader Arctic strategy focused on diplomacy, security, and regional cooperation.
  • The move also reflects concerns about geopolitical volatility in the Arctic.

Why It Matters

  • Both countries are reinforcing support for Denmark and Greenland at a time when U.S. statements about acquiring the island have strained relations among allies.
  • The Arctic is becoming increasingly important for security, climate policy, and resource management, making diplomatic presence more strategically valuable.


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