Q: Can you please tell me if ZWK is ok to hold in your TFSA, since it is US Companies? Thank you
5i Research Answer:
In a TFSA, there is no withholding tax efficiency meaning no benefit and regular withholding tax applies. As an alternate, if one was to hold a US-listed ETF with US companies in an RRSP and RRIF, withholding taxes do not apply.