skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. ZSP: Are ZSP and XUS also good candidates for RRIF? [BMO S&P 500 Index ETF]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Are ZSP and XUS also good candidates for RRIF? Are tax withholding rules on dividends for ZSP and XUS the same in RRSP and RRIF? Thanks in advance for your comments.
Asked by Hali on May 28, 2024
5i Research Answer:

Both have 'Level II' taxes which can only be avoided with a US ETF investing directly in securities. See the last page of this link for a full breakdown of taxes by account and type of ETF.

https://www.mackenzieinvestments.com/content/dam/final/corporate/mackenzie/docs/etfs/mm-etf-tax-aspects-for-investors-en.pdf

Let us help YOU reach your financial goals today!

Start your FREE trial today and enjoy all the benefits of a 5i Membership including:

  • Access to a team of experts ready to answer your investments question 
  • Instant access to over 100,000 archived questions
  • A community of like-minded investors
  • Peace of mind knowing that 5i Research has only YOUR best interests in mind