Q: As a follow up to my question on January 8 regarding ETFs you suggested ZSP to represent S&P 500
Would HXS be a better alternative since there will be no withholding tax in the TFSA as per asked by Danny boy on January 10?
Would HXS be a better alternative since there will be no withholding tax in the TFSA as per asked by Danny boy on January 10?
5i Research Answer:
HXS can incur some additional fees from its 'swap' derivatives, but yes, for investors looking to specifically shift a tax burden to capital gains it can make very good sense.