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BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE)
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Vanguard FTSE Developed Markets ETF (VEA)
Q: Are there any restrictions on international equities within a TFSA? How do the dividends work? Thank you!
5i Research Answer:
Securities in a TFSA must trade on a 'recognized exchange' but other than that there are no restrictions and international equities can be held. In a TFSA dividends paid are subject to withholding taxes, with the rate dependent of the source country.