A US based stock can only be shorted through a US registered broker. Many Canadian brokers are registered in the US. What does this mean? It means they are subject to the same Fed Reserve Reg T requirements. $2.50 margin per share. So if a Canadian living in Canada wanted to short PASO through their TD account they would still have to put up the margin. In the case of PASO that would be $2500 for a maximum profit of $25.... ...which would be a remarkably dumb thing to do.