Q: Hi
I hold ZSP in my non-registered account and VIG in my RRSP.
My understanding is that it doesn't really make a difference from a withholding tax perspective where I hold ZSP but that the RRSP is where I should hold VIG.
Do you agree?
I hold ZSP in my non-registered account and VIG in my RRSP.
My understanding is that it doesn't really make a difference from a withholding tax perspective where I hold ZSP but that the RRSP is where I should hold VIG.
Do you agree?
5i Research Answer:
Both hold their stocks directly, as opposed to through other mutual funds. But VIG is a US fund, and ZSP Canadian. We agree on the account placement as noted in the question.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VIG.