Q: For a young investor (18 yrs) making regular contributions to a RRSP, TFSA, and FHSA. Using an all-in-one ETF approach, are there all in one ETF's that are better suited for each of the different accounts? Would an all equity ETF be appropriate in any of these accounts?
5i Research Answer:
All are tax deferred accounts. The only real difference is that withholding taxes would not apply on any US dividends inside an RRSP. With a young investor, we would lean towards a growth-oriented fund, such as VGRO. A FHSA is also more of a shorter-term account, typically, than the others, so we might go 'slightly' more conservative there.