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BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE)
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iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH)
Q: Good morning,
I currently hold ZWE in my TFSA and I have two questions as follows:
a. Given that there is a witholding tax on ZWE when held in a TFSA, I was wondering if it would not be better to simply sell ZWE and buy it back in my RSP instead. I note that in one of your responses to a similar question, you recommended that ZWE be held in a Non Registered account. Not sure that I understand the rational for this over holding ZWE in an RRSP. Your thoughts on this would be appreciated.
b. Do you think that it is wise to invest in Europe, UK in particular at this time and if so, would you recommend a change from ZWE to another ETF with a better growth opportunity and if so which one?
Thank you and Merry Christmas to the 5i team.
I currently hold ZWE in my TFSA and I have two questions as follows:
a. Given that there is a witholding tax on ZWE when held in a TFSA, I was wondering if it would not be better to simply sell ZWE and buy it back in my RSP instead. I note that in one of your responses to a similar question, you recommended that ZWE be held in a Non Registered account. Not sure that I understand the rational for this over holding ZWE in an RRSP. Your thoughts on this would be appreciated.
b. Do you think that it is wise to invest in Europe, UK in particular at this time and if so, would you recommend a change from ZWE to another ETF with a better growth opportunity and if so which one?
Thank you and Merry Christmas to the 5i team.