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Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK)
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Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX)
Q: Would Canadian funds such as ENCC, BANK, HMAX which hold Canadian stocks be taxed as dividend income or as capital gains income by the CRA ?
I believe that similar funds holding US stocks would be taxed as capital gains.
Thank you.
I believe that similar funds holding US stocks would be taxed as capital gains.
Thank you.
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Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX)
Q: Good morning
Sorry for the error in my previous question for income purposes what would be your choice between Hmax and Bank (evolve) and why .
thanks in advance Georges
Sorry for the error in my previous question for income purposes what would be your choice between Hmax and Bank (evolve) and why .
thanks in advance Georges
Q: I'm interested in an ETF - BANK-T - that holds mostly Canadian banks and major financial companies. I'm surprised that it's yield is about 14%+, and pays out monthly too. That seems to be too good to be true.
My question is how can BANK-T do it, consider the ETFs can only get cash from two sources - dividends from the stocks they hold and from trading gains of those stocks.
Kindly enlighten us on how they can afford to pay such hefty monthly payout? Thanks.
My question is how can BANK-T do it, consider the ETFs can only get cash from two sources - dividends from the stocks they hold and from trading gains of those stocks.
Kindly enlighten us on how they can afford to pay such hefty monthly payout? Thanks.