Q: Hi,
I’m following up on recent questions about taxation of the ETF VEQT (and similar) in an RRSP.
I am a bit confused about what withholding taxes might apply to VEQT. I have three questions please.
1) Would you be so kind at to explain what withholding taxes apply to VEQT in an RRSP?
2) If there are non-recoverable withholding taxes on VEQT in an RRSP, can they be quantified?
3) Finally, if there are withholding taxes applicable to VEQT in an RRSP, is there an ETF setup with the same diversification objective as VEQT that is more tax efficient in an RRSP?
(I tried following this information but I’m still unclear: https://www.vanguard.ca/content/dam/intl/americas/canada/en/documents/WithholdingTax_Guide-final.pdf).
Thank you very much.
Michael
I’m following up on recent questions about taxation of the ETF VEQT (and similar) in an RRSP.
I am a bit confused about what withholding taxes might apply to VEQT. I have three questions please.
1) Would you be so kind at to explain what withholding taxes apply to VEQT in an RRSP?
2) If there are non-recoverable withholding taxes on VEQT in an RRSP, can they be quantified?
3) Finally, if there are withholding taxes applicable to VEQT in an RRSP, is there an ETF setup with the same diversification objective as VEQT that is more tax efficient in an RRSP?
(I tried following this information but I’m still unclear: https://www.vanguard.ca/content/dam/intl/americas/canada/en/documents/WithholdingTax_Guide-final.pdf).
Thank you very much.
Michael
5i Research Answer:
Page 2 of this document is the best source we can reference. The issue stems from when a...