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  5. ZSP: In a recent question concerning VFV held in a RRSP, you replied VFV is subject to Level 1 holding tax because it owns units in a US ETF. [BMO S&P 500 Index ETF]
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Q: In a recent question concerning VFV held in a RRSP, you replied VFV is subject to Level 1 holding tax because it owns units in a US ETF. With regards to ZSP in a RRSP there is no Level 1 tax because ZSP holds individual US stocks & no US ETFs. Is this correct. Thanks … Cal
Asked by cal on February 16, 2024
5i Research Answer:

Yes; holding stocks directly alleviates this. 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.

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