Toronto Stock Exchange · Basic Materials
Invest in Cadillac Mines stock from India
Indian and foreign residents can buy Cadillac Mines (CADY) shares directly through Paasa.
By Paasa · Updated
Cadillac Mines at a glance
- Price
- CA$6.34-CA$0.06 (0.94%)
- Market cap
- CA$1.80B
- Day range
- CA$6.27 – CA$6.52
- P/E
- —
- Dividend yield
- None
- Volume
- 122.79K
How to invest in Cadillac Mines from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search CADY and buy
Find Cadillac Mines by name or by its ticker, CADY, and place your order.
Why invest in Cadillac Mines from India
What Cadillac Mines does
Cadillac Mines Corp. engages in the exploration and development of mineral assets. Its property includes a gold deposit located on the formerly producing, high-grade underground Kerr-Addison gold mine located in Virginiatown, Ontario. Cadillac Mines operates in the Other Precious Metals industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Cadillac Mines stock from India?
Yes. Indian residents and NRIs can buy Cadillac Mines (CADY) shares directly through Paasa. Cadillac Mines is listed on the Toronto Stock Exchange, in the Other Precious Metals industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Cadillac Mines shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.