Suggestions for USD TFSA ETF

0
0

Looking to invest into an ETF for my TFSA account in USD. Any suggestions?

Marked as spam
Asked on February 7, 2022 7:36 pm
2 views
0
Private answer

Hey there,

That is a very broad question and difficult to answer as there are thousands of ETFs in the US. If you are just looking to track the S&P 500, then SPY or IVV - both ETFs that track the Index - are a good option. While both are USD, we do caution that holding US ETFs in your TFSA may not be the best in terms of taxes since the dividends will be subject to the 15% withholding tax. To avoid this tax, an investor can hold them in their RRSP.

Mat

Marked as spam
Posted by Mathieu Litalien
Answered on February 9, 2022 4:51 am