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iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP)
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Vanguard S&P 500 Index ETF (VFV)
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S&P 500 ETF TRUST ETF (SPY)
Q: Hello Peter,
From an earlier question on VFV in terms of foreign taxes, it looks like there is a double taxation as VFV invests in US ETF not directly in US stocks.. I would think i am better off with xsp excepts the etf hedges. Would i better off just investing in SPY or is there another ETF that is like VFV but invests directly in US stocks.. Thanks very much
From an earlier question on VFV in terms of foreign taxes, it looks like there is a double taxation as VFV invests in US ETF not directly in US stocks.. I would think i am better off with xsp excepts the etf hedges. Would i better off just investing in SPY or is there another ETF that is like VFV but invests directly in US stocks.. Thanks very much
5i Research Answer:
There is an additionl level of taxes on Canadian funds that do not hold securities directly. ZSP looks like the best solution here, Canadian traded with $11B in assets, unhedged, fees of only 0.09% and invest directly in the US stocks that make up the S&P 500.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV, SPY.