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  5. XLV: I have the above ETF's in my TFSA and am wondering if these belong in a TFSA? [Health Care Select Sector SPDR]
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Q: I have the above ETF's in my TFSA and am wondering if these belong in a TFSA? On reading your newsletter "Investments to hold in your TFSA" , I interpreted this to mean they do not belong in the TFSA. Am I right?
Thanks for your response.
Asked by Terry on November 23, 2023
5i Research Answer:

All 'could' be held in a TFSA, but there is a 15% withholding tax on dividends on US companies within a TFSA. For international stocks, withholding taxes can vary. Because of this, we think this list is better held in an RRSP account. 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VGG.