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iShares MSCI World Index ETF (XWD)
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iShares S&P Global Industrials Index ETF(CAD-Hedged) (XGI)
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Vanguard U.S. Dividend Appreciation Index ETF (VGG)
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Health Care Select Sector SPDR (XLV)
Q: My question yesterday did not seem to go through as it did not show up in "My Questions".
In reading your newsletter "What Investments to hold in your TFSA or RRIF" - I hold the above 4 ETF's in my TFSA and was wondering if they should be in this account?
I interpret your information as they should not be in an TFSA.
Thanks
In reading your newsletter "What Investments to hold in your TFSA or RRIF" - I hold the above 4 ETF's in my TFSA and was wondering if they should be in this account?
I interpret your information as they should not be in an TFSA.
Thanks
5i Research Answer:
Generally, yes. Any ETF with US and foreign exposure and paying a dividend will be subject to withholding tax in a TFSA, and not in an RRSP.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VGG.