Quote:
Originally Posted by DoubleK
I've been looking at the ICLN etf and am going to start a position.
What's the best way to buy and hold a us listed ETF? I'm some what familiar with the Gambit to limit exchange fees, but can't quite figure out if it's better to hold in a TFSA or RRSP. If I understand correctly, you pay witholding tax in TFSA but not RRSP. Is that correct?
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You are correct. U.S equities = hold in RRSP.
Canadian equities = hold in TFSA.
U.S equities in TFSA = still subject to foreign withholding tax as the U.S gov't doesn't recognize the TFSA the same way it recognizes a RRSP.