etf exposure with XUU.TO

« Back to Previous Page
▲
0
▼
♥ 0

Hi , would like your toughts on this etf to get exposure in the US right now my tfsa is only in canadian stock and i just open a RRSP account that i will use to add the dividend bull list stock.
Thank you.

Marked as spam
Asked on March 4, 2021 8:30 am
1 views
▲
0
▼
✔
Private answer

Hey Dan i actually was talking with you on the discord channel 2 days ago about getting exposure to US and you did the same recomendation to use Norberts Gambits but i did not realise that XUU inside the rrsp will be subject to withholding taxes.

Thank you!!

Marked as spam
Posted by BRUNO LEMIEUX
Answered on March 4, 2021 9:17 am
▲
0
▼
✔
Private answer

XUU is a solid option if you're looking for a Canadian traded ETF that has exposure to the S&P 500.

Keep in mind, XUU is subject to withholding taxes even inside of an RRSP. The tax issues are a little complex with it as it holds underlying US ETFs. It jumps the overall fees of that ETF up to the 0.31% range.

There's also the option of using Norberts Gambit and actually getting USD to buy a US listed ETF in your RRSP. This is all personal preference. Some choose to stick with Canadian listed products only, while others choose to get some USD and buy US listed stocks/products.

Marked as spam
Posted by Dan Kent
Answered on March 4, 2021 8:50 am
« Back to Previous Page