Hello! So if i hold S&P500 it'll still be taxed 15% in any account since it technically holds US stocks? Thanks!
@rohanrath
Ай бұрын
That depends on which ETF you hold and in which registered account. RRSP doesn't carry the 15% tax. TFSA, FHSA and trading accounts will be taxed. If you hold VFV, in all accounts it'll be taxed before you even see the dividends appear in your account. Please ask more questions if needed. Sorry for the delayed response 😊
@susanwheeler-hall
2 ай бұрын
good job on the video
@rohanrath
2 ай бұрын
Thank you!
@rishi505
3 ай бұрын
What about ETF Investment in RRSP Like VFV vs VOO
@rohanrath
3 ай бұрын
$VOO or any US dividend-paying stocks within the RRSP are not subject to withholding taxes. $VFV holds back 15% tax irrespective of where you hold it. However, another thing to consider is the currency conversion rate and fees that would play a role in buying $VOO since it's denominated in USD. I hold $VFV everywhere for simplicity reasons.
@susanwheeler-hall
2 ай бұрын
@@rohanrath to help with currency conversion the use of Norbet's Gambit is a good workaround, especially in Questrad and RRSP.
@suneelgaur7006
2 ай бұрын
thanks rohan
@rohanrath
2 ай бұрын
Thank you for watching!! 🙂
@suneelgaur7006
2 ай бұрын
When will you start videos on photography 🎉
@rohanrath
2 ай бұрын
I always thought I'd make videos about that but the majority of my free time in life goes to personal finance and investing now. It makes sense to make videos in this genre.
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