Q: Greetings 5i,
Are dividends from this ETF eligible for the CDN dividend tax credit?
I have flipped through the prospectus and other available reading material on the ishares website and can't find the answer to this seemingly simple question.
Thank you as always
SP
Are dividends from this ETF eligible for the CDN dividend tax credit?
I have flipped through the prospectus and other available reading material on the ishares website and can't find the answer to this seemingly simple question.
Thank you as always
SP
5i Research Answer:
ETF's 'pass-throug' tax implications to unit holders. CYH is a global fund, so the dividend tax credit would apply ONLY to any Canadian dividends received. The ETF has just 2.4% of its fund invested in Canadian securities. If we look at the indicated yield of 4.08% and the Canadian holdings, the dividend tax credit would be negligible.