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Investment Q&A

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Purpose US Cash ETF ETF Unit (PSUU)
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BMO US Preferred Share Index ETF (ZUP.U)
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BMO Premium Yield ETF (ZPAY.U)
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US High Interest Savings Account Fund (HISU.U)
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Q: Good morning, you mentioned these securities in a reply to a question by James on May 13. Could you please add some comments around taxation of the returns, especially if in either TFSA or non-reg account. Thank you

Asked by Steven on May 17, 2024

5i Research Answer:

These are taxed as interest, and should not incur any withholding taxes in any account.

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