After-Tax Returns on Canadian ETFs

If you hold investment funds outside registered accounts, taxes can take a big bite out of your returns. Unfortunately, comparing the tax-efficiency of similar funds is difficult, because there is no standard method for estimating after-tax returns. In Canada, fund returns are reported on a pre-tax basis, and this can be misleading. Two funds with similar pre-tax returns can perform very differently when you account for the tax investors would pay on...