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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Good morning,


I am not crystal clear on the most tax efficient account to hold each of the above listed ETFs and before moving any of them to another type of account, I would very much appreciate your guidance on the most tax efficient type of account to hold each of the above listed ETFs.

The above listed ETFs are all held in our family Registered (RRSP/TFSA/RESP) and Non-Registered accounts.

Thank you and I'll await your sage advice.
Read Answer Asked by Francesco on March 11, 2024
Q: Good morning,

I currently hold VIG ETF in my Non Registered US$ account and VGG in my Non Registered Cdn$ account. Both of these ETFs have the same holdings but the VIG appears to be cheaper in terms of MER and perhaps more tax efficient if held in a RRSP.

Given that both VIG and VGG hold the same holdings and taxation not a consideration, I was thinking of selling the VGG ETF and purchasing some additional VIG ETF.

However, I just stumbled across another ETF (DGRW ETF) that I would appreciate your thoughts on as a potential replacement for VIG ETF. Although a bit more expensive in terms of MER, the annual performance over the last 10 years appears to be much better.


Thank you and I'll await your response.

Francesco
Read Answer Asked by Francesco on January 19, 2024
Q: I look after a RESP and have IWO, VGRO, VGG and BN. The weight is 16% for each. Would you be comfortable adding to the ETF'S to a 20% weight or should I buy a ETF like XIC? If you have any suggestions of what I could buy for this account I appreciate your input! It will be 12 years before needed.

Thanks
Read Answer Asked on January 16, 2024
Q: Hello
On Jan 4th, I asked a question about the best place to hold VGG for tax efficiency. I was told that a TFSA or RRSP would be best. However, I read an article by Moez Mahrez in Canadian Money saver and looked at the tax efficiency table posted on the same website. If I am correct in my interpretation, both of these sites seem to recommend holding an ETF that trades in CAD but is US listed in a RRSP first and then a non-registered account because the dividend that incurs US withholding tax is recoverable in the non-registered account. In a TFSA, the dividend incurs withholding tax but it is not recoverable. Am I correct in my interpretation?
thanks for your help
Read Answer Asked by Mary on January 09, 2024
Q: As grandparents, we are interested in making a long-term investment for our two grandchildren that will be held for the next 20 years. Could you please recommend the most suitable type of investment account to avoid personal investment and tax implications? Additionally, we would appreciate your suggestions for a few ETFs to consider for this extended investment period. Thank you.
Read Answer Asked by Ronnie on December 08, 2023
Q: Adding to a TFSA for a 20 year window.
Please advise 5 ETFs to buy and hold for the duration.
Read Answer Asked by Don on November 30, 2023
Q: My question yesterday did not seem to go through as it did not show up in "My Questions".
In reading your newsletter "What Investments to hold in your TFSA or RRIF" - I hold the above 4 ETF's in my TFSA and was wondering if they should be in this account?
I interpret your information as they should not be in an TFSA.
Thanks
Read Answer Asked by Terry on November 23, 2023
Q: I have the above ETF's in my TFSA and am wondering if these belong in a TFSA? On reading your newsletter "Investments to hold in your TFSA" , I interpreted this to mean they do not belong in the TFSA. Am I right?
Thanks for your response.
Read Answer Asked by Terry on November 23, 2023
Q: What are your top etf recommendations to purchase now given we are officially in a bull market, the latest cpi numbers are encouraging & the fed is possibly done?

Or is this too late and FOMO is leading me at the wrong time into investing more funds now?

Thanks.

Read Answer Asked by Donald on June 15, 2023
Q: In my spousal RRSP, I hold a handful of US dividend stocks as well as several ETF’s (VOO, VGG, XIT, FIE, ZRE). The split is about 50/50 between stocks and ETF’s. My question is regarding VGG. I think you have said in the past you prefer VOO, and VGG is not as efficient in an RRSP as the distributions are subject to withholding tax. For me, VOO and VGG have both averaged around 10% since I bought them. I keep debating if I should 1) swap VGG with the US$ equivalent 2) move VGG into VOO 3) move VGG into individual stocks or 4) do nothing and continue to hold VGG. Could I please get your take? Thanks.
Read Answer Asked by Kim on June 13, 2023
Q: Am retired and looking for regular income from dividend paying stocks.
Is there such a thing as a EFT that holds only dividend producing stocks that then pays out the dividends on a regular basis? If so can you suggest any?
Read Answer Asked by Warren on March 13, 2023
Q: I am converting my TFSA to a dividend with some growth portfolio to reduce volatility and hopefully get more sleep. I want to start with 2 etfs to establish diversity. I like DGRC and VGG. I plan to set and forget the etfs once I reach the desired weighting. Do you think this is a good pairing of dividend growers? Can you comment on the somewhat lower average daily volumes of the etfs? Would including CDZ add value? Thank you
Read Answer Asked by Richard on January 16, 2023
Q: Hi, my RRSP and TFSA are maxed out with VOO and QQQ. I would like to build non-registered account with some dividend ETFs. What would you buy and what % would you apply to each ? Thank you.
Read Answer Asked by Yasushi on October 06, 2022
Q: Hi I am still looking for Growth opportunity PLUS INCOME ( main criteria).

Also looking to diversify. Currently I own no European stocks.

Can I have your thoughts on BEUR : mer 0.9% and yield @ 6.4%

Or is there a better opportunity out there.

Thanks.
Read Answer Asked by Donald on August 04, 2022