• Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK)
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  • View Questions on BANK
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC)
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX)
  • View HMAX Profile
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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.

Upvote 5

Read Answer Asked by Catherine Ann on January 24, 2025

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC)
  • View ENCC Profile
  • View Questions on ENCC

Q: With the downward trend of OIL -what effect will it have on the yield of ENCC ? etc?

Upvote 2

Read Answer Asked by terrance on September 09, 2024

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC)
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Energy YIELD MAXIMIZER TM ETF (EMAX)
  • View EMAX Profile
  • View Questions on EMAX

Q: I'm leaning towards emax in a cash account to diversify with the US holdings even though encc has a higher yield.

What are the tax implications of emax vs. encc.

emax writes in the money options on 30% of the holdings
I cannot find this data for encc

Thank you

Upvote 1

Read Answer Asked by JACK on August 13, 2024