Q: In a recent question you stated "Alternatively to VFV, we also like ZSP, which focuses on the S&P 500, and it has some tax benefits given that it holds the US stocks directly." Could you elaborate on the tax benefits? Thanks for your help.
5i Research Answer:
ZSP holds the individual US stocks, so there is no withholding tax within an RRSP, but it still applies outside of an RRSP. This is one advantage that ZSP has over VFV.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.