Q: Hello, I saw your answer on VIU (May 29th), suggesting not to buy it in a TFSA. Is there an alternative for a TFSA in CDN$? Looking for an equity ETF ex-NA. Thanks
5i Research Answer:
The prior answer was a comparative of funds and accounts but we did not mean that VIU cannot still be owned in a TFSA. ANY ETF with foreign investments may still have withholding taxes in a TFSA. VIU only yields 0.89% so a tax hit amounts to 0.13% at a 15% rate. It would still be our choice.