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Q: Would like to get some guidance. I have ~$250K cash in a LIRA and would like to invest it in an ETF. I would like some guidance in terms of which ETF I should invest in. Should I invest in VFV or VOO?

In the long run, which one is a better investment choice for a Canadian, considering foreign exchange rates, MER, fund performance and dividend withholding taxes?

Based on my research a LIRA is exempt from the US withholding tax, similar to a RRSP.

Also, aside from the factors above that I’m considering, from your perspective are there any other pertinent factors that I’m missing?
Asked by Sal on January 17, 2026
5i Research Answer:
This is a good resource on WHT and different...

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.

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