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  5. ZSP: It is my understanding that VFV's holding is VOO, which has some withholding tax implications. [BMO S&P 500 Index ETF]
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Investment Q&A

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Q: It is my understanding that VFV's holding is VOO, which has some withholding tax implications. ZSP holds the individual stocks, so no withholding tax. Am I correct or has VFV changed. If I'm correct I believe ZSP is a better product for Canadians.
Asked by Cheryl on October 07, 2024
5i Research Answer:

Yes; ZSP holds US stocks directly so there is a small tax advantage and we should have noted 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.