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  5. HSAV: In a non registered account,there is no tax on hsav monthly interest neither on hewb monthly dividend. [Global X Cash Maximizer Corporate Class ETF]
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Q: In a non registered account,there is no tax on hsav monthly interest neither on hewb monthly dividend.When those ETF are sold though,do one has to pay tax on the total of interest accumulated in the ETF or on total dividends accumulated (+capital gains)since the acquisition,or tax shall be only due on capital gains ?
Asked by Jean-Yves on November 06, 2023
5i Research Answer:

Horizons uses derivatives with third parties to convert interest and dividends into capital gains. When these funds are sold, only capital gains taxes apply. 

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