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  5. HMAX: Please advise if HAMILTON covered call ETF (QMAX, EMAX and others) eligible for the Canadian dividend tax credit. [Hamilton Canadian Financials YIELD MAXIMIZER TM ETF]
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Q: Please advise if HAMILTON covered call ETF (QMAX, EMAX and others) eligible for the Canadian dividend tax credit.

Thanks for the great service
Asked by Hector on October 08, 2024
5i Research Answer:

ETFs 'pass through' taxes to unit holders. With covered call funds, distributions are typically a combination of dividends, capital gains and return of capital, so the tax consequences can change each year. This link will provide a recent breakdown. Note that currently much of the distribution is considered return of capital for many ETFs. 

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