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Purpose High Interest Savings Fund (PSA $50.02)
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Global X Cash Maximizer Corporate Class ETF (HSAV $118.29)
Q: Hi 5i,
I have a bit of a tax-treatment question for ETFs like PSA held in taxable accounts. Assuming one is in the top tax bracket, should they not look to make monthly sales right before ex dividend so that the 'growth' in share price gets taxed as a capital gain vs. having the distribution pushed out as income? Am I thinking about this correctly? The total tax owing would roughly be cut in half. Assume trades are zero commission for simplicity :)
I have a bit of a tax-treatment question for ETFs like PSA held in taxable accounts. Assuming one is in the top tax bracket, should they not look to make monthly sales right before ex dividend so that the 'growth' in share price gets taxed as a capital gain vs. having the distribution pushed out as income? Am I thinking about this correctly? The total tax owing would roughly be cut in half. Assume trades are zero commission for simplicity :)
Q: Some time ago, you published a very good statement about when HSAV is undervalued and overvalued based on NAV. Where can I find it or can you give me another answer here. Thanks
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Purpose US Cash ETF ETF Unit (PSUU)
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Global X Cash Maximizer Corporate Class ETF (HSAV $118.29)
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Global X USD Cash Maximizer Corporate Class ETF (HSUV.U $118.88)
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Global X High Interest Savings ETF (CASH $50.01)
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F/m US Treasury 3 Month Bill Fund (TBIL $49.88)
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CI U.S. Money Market ETF (UMNY.U $50.06)
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Global X USD High Interest Savings ETF (UCSH.U $50.01)
Q: Hi,
I'd like to get a better return on the Cash sitting in the Canadian Account. I don't want to lock it into GICs now as I would like the flexibility to use it until I get a better sense of where we're going with all of this. I looked at CASH.TO Global X High Interest Savings ETF and HSAV.TO Global X Cash Maximizer Corporate class ETF. Mgmt fees and MERs are lower on CASH and the yield is a bit higher but it has tax implications whereas HSAV has slightly better performance and deferred tax. Once our taxes are filed there may be a bit more contribution room left in the TFSAs but it won't be much.
Any opinions? Any thoughts on what I can do with the US Cash?
Thanks!
D
I'd like to get a better return on the Cash sitting in the Canadian Account. I don't want to lock it into GICs now as I would like the flexibility to use it until I get a better sense of where we're going with all of this. I looked at CASH.TO Global X High Interest Savings ETF and HSAV.TO Global X Cash Maximizer Corporate class ETF. Mgmt fees and MERs are lower on CASH and the yield is a bit higher but it has tax implications whereas HSAV has slightly better performance and deferred tax. Once our taxes are filed there may be a bit more contribution room left in the TFSAs but it won't be much.
Any opinions? Any thoughts on what I can do with the US Cash?
Thanks!
D