Q: First thanks for having an excellent service!
In your new Income portfolio your first item is FLOT which is US. Aren't there dangers in holding a US item in a CDN portfolio? Aside from the exchange issue, which I have been burned with in the past, aren't there tax implications with the new IRS rules concerning income and agreements as well as estate filings required to liquidate the holding if the holder passes away?
If someone didn't want to hold a US holding in the portfolio would you recommend just changing the weighting or have an alternative?
Thanks again!
In your new Income portfolio your first item is FLOT which is US. Aren't there dangers in holding a US item in a CDN portfolio? Aside from the exchange issue, which I have been burned with in the past, aren't there tax implications with the new IRS rules concerning income and agreements as well as estate filings required to liquidate the holding if the holder passes away?
If someone didn't want to hold a US holding in the portfolio would you recommend just changing the weighting or have an alternative?
Thanks again!