Q: Is the following true for holding the ETF ZID within a non-registered account:

- Does not have to be declared on the T1135 form.

- Distribution may contain Return of Capital (ROC) which itself is not taxed, but does affect the ACB of the shares.

- Distribution may contain (non-eligible?) dividends.

- Distribution may contain income which is taxed at the same rate as ordinary income , but at the highest marginal tax bracket.

- Distribution is not grossed up (i.e. the dreaded negative effect on OAS).

Q: I want to start doing an RRSP meltdown. I'm considering moving ZID in-kind to my non-registered account but was wondering about the implications. Since this is a Canadian-based ETF, I don't think it has any effect on having to fill out Form T1135, Foreign Income Verification Statement, does it ?

Acknowledging that 5i staff are not tax experts, do you recognize any other caveats that one should be aware of for having this ETF within a non-registered account? Thanks !

Q: Repeating a question from Dec 2021 from Mike. At the time he asked: I would like to gain some more exposure into areas outside of Canada and the US, specifically China and India. I think ETF is the way to go. Would you suggest a couple? Any concerns with these areas currently? Would you suggest denominated in C$, US$ or any other currency for diversification?

What would your answer be today ?

Thank you.