Toronto Stock Exchange · Real Estate
Invest in RFA Financial stock from India
Indian and foreign residents can buy RFA Financial (RFA) shares directly through Paasa.
By Paasa · Updated
RFA Financial at a glance
- Price
- CA$25.54+CA$0.16 (0.63%)
- Market cap
- CA$1.18B
- Day range
- CA$25.35 – CA$25.59
- P/E
- —
- Dividend yield
- —
- Volume
- 9.95K
- 1 month
- -2.30%
- 6 months
- +10.71%
- YTD
- +192.22%
- 1 year
- +278.37%
- 5 years
- +105.64%
How to invest in RFA Financial 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 RFA and buy
Find RFA Financial by name or by its ticker, RFA, and place your order.
Why invest in RFA Financial from India
What RFA Financial does
RFA Financial Inc. is a diversified commercial real estate investment trust and is an unincorporated closed-end real estate investment trust, created under, and governed by, the laws of the Province of Manitoba. The REIT was created pursuant to the Declaration of Trust dated November 8, 2004, as most recently amended and restated on December 19, 2021. RFA Financial operates in the Real Estate - Services industry within the Real Estate 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 RFA Financial stock from India?
Yes. Indian residents and NRIs can buy RFA Financial (RFA) shares directly through Paasa. RFA Financial is listed on the Toronto Stock Exchange, in the Real Estate - Services 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 RFA Financial 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.