100% of RUclips revenues received by the Canadian Portfolio Manager channel have been donated to SickKids Foundation. If this video has helped save you a few dollars on fees or taxes, please consider donating a portion of your savings to SickKids Foundation: www.sickkidsfoundation.com/
@yash - I've certainly considered bringing back a leaner version of the podcast (maybe with my brother Nathan as co-host), but it's just soooo much work 😖
Thank you for your contributions. I made all mistakes you mention in your other videos. Panicked and sold. Moved to cash. Missed the bounce back. I guess I will start over with discipline this time.. Thank you for excellent videos.
Excellent explanation as always Justin! I've held XEC as the core of my EM allocation since 2016. I welcome the change, and fingers crossed the cap gains/losses will be favourable.
@Dennis Micallef - I'll likely tackle this topic at some point, but my short answer is, investors can safely ignore factor investing and just stick with broad market ETFs for their exposure.
@Wally Z - That wouldn't be necessary, as ITOT is a reasonable holding for their Core ETF Portfolios (BlackRock can negotiate institutional FX rates, so they don't face the same high currency conversion fees as retail investors when buying U.S.-based ETFs)
@@WallyZie - No - the currency conversions are completed at the fund level (BlackRock/iShares will be converting the funds for you at favourable FX rates).
I’m so confused about taxes to the extent that I only invest in Canadian companies. I wish we were taught this stuff in school. Are these taxes only on the distributions? If I don’t realize my capital gains, do I have to report them every year still? Etc etc… just generally confused about it all haha I’m maxing out my TFSA with Canadian companies and hopefully by then i’ll learn.
@Jean-Robert Gallant - Foreign withholding taxes are generally just applicable on the foreign dividends (not on capital gains realized when selling your foreign equity ETFs).
@LearnWithKris - As you mentioned, there is no tax benefit for U.S. equity ETFs (and likely more trading costs and large capital gains taxes from the transactions) so I doubt XUU or VUN will ever sell their underlying ETFs and buy over 3,000 individual stocks.
Thank you for this! Great video, Justin. Quick question: it seems like VEE's holdings now indicate direct shares of the companies versus an investment in the US ETF. Did it also transition? Is it now thus more interesting given its lower MER?
@anoutinabil - Unless the official financial statements of the fund now show the individual stock holdings, VEE still just holds VWO (the company websites can be a bit misleading).
@@JustinBenderCPM Thanks. Do you have any resources that explain how exactly I should utilize my TFSA and for which investments? And why would XEC be the most tax efficient? Thanks!!
100% of RUclips revenues received by the Canadian Portfolio Manager channel have been donated to SickKids Foundation.
If this video has helped save you a few dollars on fees or taxes, please consider donating a portion of your savings to SickKids Foundation: www.sickkidsfoundation.com/
Love watching and hearing you. Please bring back the podcast series.
@yash - I've certainly considered bringing back a leaner version of the podcast (maybe with my brother Nathan as co-host), but it's just soooo much work 😖
Thank you for your contributions. I made all mistakes you mention in your other videos. Panicked and sold. Moved to cash. Missed the bounce back. I guess I will start over with discipline this time.. Thank you for excellent videos.
@Koray Tugay - I'm sorry to hear about your missteps - hopefully you're back on track now, and have learned a lot along the way :)
Always enjoy watching your show as it is very precise, short and informative. Thank you!
@Sam Van - Haha...this video ended up being longer than I had hoped, but thanks for getting through it 😉
Excellent explanation as always Justin! I've held XEC as the core of my EM allocation since 2016. I welcome the change, and fingers crossed the cap gains/losses will be favourable.
Thanks Justin, very helpful
@Adam Alkins - You're very welcome :)
Excellent video as always Justin!
@Fernando Lopez - Thank you so much! ☺
Excellent explanation as always.
Justin, would you consider a series on factor tilting at some point? I'd love to hear your take on that.
@Dennis Micallef - I'll likely tackle this topic at some point, but my short answer is, investors can safely ignore factor investing and just stick with broad market ETFs for their exposure.
Thanks Justin, excellent as always!! Converting ITOT to something like VSP or VUN in there asset allocation ETF's would be a logical next step.
@Wally Z - That wouldn't be necessary, as ITOT is a reasonable holding for their Core ETF Portfolios (BlackRock can negotiate institutional FX rates, so they don't face the same high currency conversion fees as retail investors when buying U.S.-based ETFs)
@@JustinBenderCPM So I shouldn't be concerned with the conversion rates when selling XGRO as opposed to VGRO?
@@WallyZie - No - the currency conversions are completed at the fund level (BlackRock/iShares will be converting the funds for you at favourable FX rates).
I’m so confused about taxes to the extent that I only invest in Canadian companies. I wish we were taught this stuff in school. Are these taxes only on the distributions? If I don’t realize my capital gains, do I have to report them every year still? Etc etc… just generally confused about it all haha I’m maxing out my TFSA with Canadian companies and hopefully by then i’ll learn.
@Jean-Robert Gallant - Foreign withholding taxes are generally just applicable on the foreign dividends (not on capital gains realized when selling your foreign equity ETFs).
I hope they do the same for XUU, even though there is no real tax benefit. I always prefer it when ETFs have direct physical holdings.
@LearnWithKris - As you mentioned, there is no tax benefit for U.S. equity ETFs (and likely more trading costs and large capital gains taxes from the transactions) so I doubt XUU or VUN will ever sell their underlying ETFs and buy over 3,000 individual stocks.
Thank you for this! Great video, Justin. Quick question: it seems like VEE's holdings now indicate direct shares of the companies versus an investment in the US ETF. Did it also transition? Is it now thus more interesting given its lower MER?
@anoutinabil - Unless the official financial statements of the fund now show the individual stock holdings, VEE still just holds VWO (the company websites can be a bit misleading).
For Canadians, which of these ETF’s if anyone would you hold in a tax free savings account?
@Omkarcito - For emerging markets equity ETFs held in a TFSA, XEC would be the most tax-efficient.
@@JustinBenderCPM Thanks. Do you have any resources that explain how exactly I should utilize my TFSA and for which investments? And why would XEC be the most tax efficient? Thanks!!
Considering how XEC dividend (0,115$/share) are way lower than IEMG (0,977$/share), it is still way more profitable to own IEMG than XEC.