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5i Recent Questions
Q: Cathy Wood's ARKW ETF has a Canadian version being EAFT-NE. The EAFT has a different management company than the ARKW which Cathy Wood looks after. BDO was the accounting firm for the Canadian version of her funds until awhile ago. Now they do not have an accounting firm and they have run out of time to get one and so their funds are not allowed to trade. Would the Securities Commission be looking into this as me and many other owners would not be happy this is happening or once it trades will it mirror the ARKW which is the US version of it and it is trading?
On another note, my wife's broker advised that active short term traders would have to pay 100% tax on their gains.
On another note, my wife's broker advised that active short term traders would have to pay 100% tax on their gains.
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Q: I hold the above stocks in my Unregistered,TFSA,and RRIF accounts. I understand that as of January 1, 2023, the IRS will require a 10% withholding tax when Canadian residents sell US stocks. Does this rule apply to sell any of the above mentioned my stocks ?
2) If I sell above Stocks before end of 2022, will I avoid paying new IRS 2023 10% withholding tax?
2) If I sell above Stocks before end of 2022, will I avoid paying new IRS 2023 10% withholding tax?
Q: What's your view and long term thoughts on playing the ARk funds on the cheaper Canadian side through these BMO's etfs?
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