If you found this video helpful on Canadian Equities, let me know in the comments and if you want to see the same for US, Developed or Emerging Markets, share your thoughts!
Investing in ETFs like VCN, ZCN, and XCN in your FHSA can be a great idea. The best part about these these ETFs is that they offer broad exposure to the Canadian stock market, which can help diversify your portfolio. Plus, the FHSA allows for tax-free growth, making it an attractive option for long-term investments. But keep in mind Canada only makes up around 4% of the entire global market, so considerations should be given to a more geographies. Have you already started investing in your FHSA, or are you considering it? I’d love to hear more about your investment strategy and any other questions you might have!
Great question! When you hold U.S. investments like the S&P 500 in your TFSA, there are a few tax considerations to keep in mind: Capital Gains: Any capital gains from U.S. investments within your TFSA are tax-free in Canada. Dividends: The U.S. Internal Revenue Service (IRS) does not recognize the TFSA as a tax-sheltered account. This means that dividends from U.S. stocks held in your TFSA are subject to a 15% withholding tax by the IRS. So, while you won’t pay Canadian taxes on the capital gains or dividends within your TFSA, the dividends from U.S. stocks will still be subject to U.S. withholding tax. If you have any more questions or need further clarification, feel free to ask privately here: asqme.com/@DanishGhaziCPA
These all look like good ones, however, I noticed their holdings are made up of individual stocks I am currently invested in like CNR and TD. My question is do you think I should still invest in these ETFs even though I have some of the single stocks in my portfolio?
Great question! Investing in ETFs that include stocks you already own can still be beneficial. Here are a few reasons why: Diversification: ETFs provide broader market exposure, reducing the risk associated with individual stocks. Convenience: Managing a single ETF can be easier than tracking multiple individual stocks. Cost Efficiency: ETFs often have lower transaction costs compared to buying multiple stocks individually. For a more detailed analysis and personalized advice, feel free to reach out: asqme.com/@DanishGhaziCPA
Honestly, it really comes down to personal preference since xeqt and veqt are fundamentally so similar. The main difference is that one has more Canadian exposure. So, it just depends on whether you prefer that added Canadian focus or not
If you found this video helpful on Canadian Equities, let me know in the comments and if you want to see the same for US, Developed or Emerging Markets, share your thoughts!
Why ETF TEC didn't make to your list. Please clarify
I've covered TEC in a seperate video, have a look: ruclips.net/video/nf55ValKXzw/видео.html
Great comparison!
Glad you enjoyed it
Amazing video bro😤🔥💪🏼
Thanks 🔥
You forgot ttp. It's literally the same fund as the other 3.
Would you put these in your FHSA as well?
Investing in ETFs like VCN, ZCN, and XCN in your FHSA can be a great idea. The best part about these these ETFs is that they offer broad exposure to the Canadian stock market, which can help diversify your portfolio. Plus, the FHSA allows for tax-free growth, making it an attractive option for long-term investments. But keep in mind Canada only makes up around 4% of the entire global market, so considerations should be given to a more geographies.
Have you already started investing in your FHSA, or are you considering it? I’d love to hear more about your investment strategy and any other questions you might have!
If i have a Celi invested in some American like sp500 etc, will it be taxed or not? Because the celi isn’t recognized in the US
Great question! When you hold U.S. investments like the S&P 500 in your TFSA, there are a few tax considerations to keep in mind:
Capital Gains: Any capital gains from U.S. investments within your TFSA are tax-free in Canada.
Dividends: The U.S. Internal Revenue Service (IRS) does not recognize the TFSA as a tax-sheltered account. This means that dividends from U.S. stocks held in your TFSA are subject to a 15% withholding tax by the IRS.
So, while you won’t pay Canadian taxes on the capital gains or dividends within your TFSA, the dividends from U.S. stocks will still be subject to U.S. withholding tax.
If you have any more questions or need further clarification, feel free to ask privately here: asqme.com/@DanishGhaziCPA
Which ETF? Just buy the largest ETF. Probably ZSP.
These all look like good ones, however, I noticed their holdings are made up of individual stocks I am currently invested in like CNR and TD. My question is do you think I should still invest in these ETFs even though I have some of the single stocks in my portfolio?
Great question! Investing in ETFs that include stocks you already own can still be beneficial. Here are a few reasons why:
Diversification: ETFs provide broader market exposure, reducing the risk associated with individual stocks.
Convenience: Managing a single ETF can be easier than tracking multiple individual stocks.
Cost Efficiency: ETFs often have lower transaction costs compared to buying multiple stocks individually.
For a more detailed analysis and personalized advice, feel free to reach out: asqme.com/@DanishGhaziCPA
@@DanishGhaziCPA awesome thanks!
Hi Danish, can you guide me with Smith Manouver? I would like to assign you to your services. Let me know. Thank you.
xeqt or veqt
Honestly, it really comes down to personal preference since xeqt and veqt are fundamentally so similar. The main difference is that one has more Canadian exposure. So, it just depends on whether you prefer that added Canadian focus or not
@@DanishGhaziCPA i should have been more succinct. I meant to say, just buy xeqt or veqt.