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Global X S&P 500 Index Corporate Class ETF (HXS)
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Vanguard S&P 500 Index ETF (VFV)
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Vanguard S&P 500 ETF (VOO)
Q: please confirm that Owning VFV in an RRSP there withholding tax is not applied? If it is do you have a suggestion on an S&P eft that would be exempt this hold back
5i Research Answer:
VFV is a Canadian domiciled fund that only owns units in a US ETF. Thus, there are Level 1 holding taxes applied to all accounts and it is not witholding tax exempt. See page 2 of Vanguard's note here. The simplest solution is to own a US ETF, and VOO is the equivalent. HXS is a total return fund (no distributions) and would also work as a substitute.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.