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  5. HDIV: Further to my prior question re Canadian dividend tax benefits, would HDIV qualify? [Hamilton Enhanced Canadian Covered Call ETF]
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Q: Further to my prior question re Canadian dividend tax benefits, would HDIV qualify?
It holds both Canadian & US securities.
Thanks again.
Asked by Catherine on December 17, 2025
5i Research Answer:

Yes, but only on that portion of dividends coming from Canadian companies. The ETF uses leverage (25%) and its current composition is 100% Canada and 25% US. Note that with covered call funds a large portion of income will be considered capital gains or return of capital. But actual Canadian dividends received do qualify. 

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