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Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB)
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Vanguard Canadian Aggregate Bond Index ETF (VAB)
Q: Would you say selling VAB and buying HBB would be a superficial loss in CRA's eyes? Or are they different enough? They do track different benchmarks (by title, at least).
5i Research Answer:
It is a tough call, and we are always wary about trying to second-guess the CRA. The two funds do follow a different index, so an argument could certainly be made that they are different enough. HBB also does not pay out distributions, and duration of the two is a bit different. They are of course managed by different entities. We think there is enough here to qualify as OK for a switch.