Q: Hello 5i Team
Is there a comparable product to HSAV available on the Canadian Market?
I am looking for an "accumulating" type ETF to accumulate funds on a monthly basis for annual expenditures (i.e. rrsp contributions, tfsa contributions, income tax installments etc).
I currently hold HSAV for other purposes.
I cannot transfer funds from non-registered accounts into rrsp/tfsa monthly as I make the annual contribution(s) on Jan 01.
Ideally I would use money market mutual funds for this purpose, however RBC Direct Investing charges 1 % fee on MMF purchases (seems rather excessive for MMF).
Thanks
Is there a comparable product to HSAV available on the Canadian Market?
I am looking for an "accumulating" type ETF to accumulate funds on a monthly basis for annual expenditures (i.e. rrsp contributions, tfsa contributions, income tax installments etc).
I currently hold HSAV for other purposes.
I cannot transfer funds from non-registered accounts into rrsp/tfsa monthly as I make the annual contribution(s) on Jan 01.
Ideally I would use money market mutual funds for this purpose, however RBC Direct Investing charges 1 % fee on MMF purchases (seems rather excessive for MMF).
Thanks