Insights From ETFs: Rules of Thumb for Tax-Efficiency in a TFSA

Just as with non-registered accounts and Registered Retirement Savings Plans (RRSPs), withholding tax on foreign dividends is the primary aspect to focus on when tax-efficient in a Tax-Free Savings Account (TFSA.) ETF Industry Leader However, with a TFSA, there is less figuring out to do as the withholding rules are quite simple — there is only one rule to remember: Withholding taxes on foreign dividends are not recoverable. We find this simplicity reflects the general...