Easy to use app
- Easy-to-use platform
- Low fees
- Student, young investor & active trader discounts
Aspire Global, a China-based company that makes tobacco vaping products, has cancelled plans to go public in the US. Learn more about the withdrawn IPO, and find out about similar companies you can invest in from Canada.
Low margin rates
- Access to international stock exchanges
- Low margin rates
- Powerful research tools
CA & US trading
- 6% cash rebate plus $2,200 in trading perks
- Low transaction fees
- Easy-to-use app
What we know about the Aspire Global IPO
On May 9, 2022, Aspire Global announced it was cancelling its plans to go public. Originally, it had planned to conduct an IPO on the Nasdaq under the ticker symbol “ASPG.” Altogether, the company was hoping to raise around $120 million USD by offering 15 million stocks at a price of $7.00 – $9.00 each.
US Tiger Securities and EF Hutton (a division of Benchmark Investments, LLC) were slated to act as the lead underwriters of the deal. You can read more about the IPO in this document submitted to the US Securities and Exchange Commission (SEC) on January 19, 2022.
The decision to hold off on going public in the US may be connected to newly-introduced security regulations in China. These regulations have affected a number of China-based companies’ plans to go public including Ant Group (owned by Alibaba owner and billionaire, Jack Ma) and TikTok.
Buy stocks in similar companies
Even though you won’t be able to buy Aspire Global stock, you can still invest in other companies that make tobacco and vape products.
| Company | Stock info |
|---|---|
Turning Point Brands | NYSE: TPB |
British American Tobacco p.l.c. | NYSE: BTI |
Altria Group | NYSE: MO |
Philip Morris International | NYSE: PM |
RLX Technology | NYSE: RLX |
How to buy stocks in a company
You’ll need a brokerage account to buy and sell shares. Here’s how it works:
- Compare stock trading platforms. Use our comparison table to help you find a platform with the features you want and fees you can afford.
- Open your brokerage account. Complete an application by providing your personal, contact and financial details as well as your Social Insurance Number (SIN).
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol (for example, “TPB”), and research it before deciding if it’s a good investment for you.
- Purchase now or later. Buy your desired number of stocks with a market order, or use a limit order to delay your purchase until the stock reaches a more favourable price.
Tax implications of buying US stocks in Canada
Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.
An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.
Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you’ll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you’ve already paid to the IRS.
Speak with a tax professional to find out what rules and exceptions apply in your circumstances.
Open a stock trading account
1 - 6 of 6
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.
Related: Online stock trading
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
More on investing
What are the best stocks for beginners with little money to invest?
Want to dive into investing but don’t have much to spend? Take a look at these types of stocks.
Read more…
Meme stocks: What they are and examples of popular stocks
Meme stocks can produce large gains in short periods, but the stocks are volatile.
Read more…
How do ETFs work?
Your guide to how ETFs work and whether this type of investment is right for you.
Read more…More resources on Finder
More guides on Finder
-
Full guide to paper trading accounts for 2025
How to choose the best paper trading platform to help you learn the ins and outs of investing.
-
How will tariffs affect the stock market?
Find out how the Trump tariffs will impact the stock market and explore Canadian stocks that may be resilient amidst tariffs.
-
What are the best stocks for beginners with little money to invest?
Want to dive into investing but don’t have much to spend? Take a look at these types of stocks.
-
Trading promos & investment account bonuses for 2025
Enjoy perks like free trades and cash back when you open a stock trading account with these online broker promotions.
-
TD Easy Trade review
Use this self-directed trading app to learn the basics of investing with a streamlined app and a number of free trades annually.
-
Best renewable energy stocks
These are the best renewable energy stocks to buy now in Canada.
-
10 best trading platforms and apps in Canada for 2025
Whether you’re a new or experienced investor, these are the best stock trading platforms and apps in Canada.
-
TD Direct Investing Review
Make quick and easy trades using this reputable online trading platform from TD.
-
RBC Direct Investing review
Here’s what you need to know about the benefits and shortcomings of this Big Bank investment platform.
-
Questrade review
Questrade is a leader among Canadian discount brokerages, but is it right for you? Compare fees, features and alternatives here.