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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 the Sierra: Avalanche Claims Lives of Nine Backcountry Skiers

Snow falls on Tuesday in Truckee, California. Crews were looking for multiple backcountry skiers feared missing after a reported avalanche.

A devastating avalanche in California’s Sierra Nevada has claimed the lives of eight backcountry skiers, with a ninth individual presumed dead as rescue efforts continue. Authorities say the group was traveling in a remote, high-risk zone when the slide occurred, burying the skiers under deep, unstable snowpack.

Search-and-rescue teams, battling harsh winter conditions and ongoing avalanche danger, recovered multiple victims shortly after the incident. Despite extensive efforts, officials now believe the final missing skier could not have survived.

The event marks one of the deadliest avalanche disasters in the state’s history and has renewed calls for heightened caution among winter recreationists. Experts warn that rapidly shifting weather patterns have created unpredictable snow conditions across the region, increasing the likelihood of large, destructive slides.

Local officials and mountain safety organizations are urging backcountry users to check avalanche forecasts, carry proper safety equipment, and avoid high-risk terrain during volatile conditions. The community continues to mourn the lives lost in this tragic event, as investigations into the avalanche’s cause remain underway.


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