Watch out for year end Capital Gains distributions
Many Canadians own big US listed Exchange Traded Funds like SPY or VEA because they are typically lower in cost than their Canadian listed counterparts.
But US-listed ETFs (and Mutual Funds) can come with a hidden tax burden that many Canadians miss.
For the end of November, let's talk about Capital Gains distributions from US-listed funds.
Bird’s Eye Wealth Planners | Capital Gains Distributions: US Funds & ETFs
If you’re a Canadian resident investing in U.S.-listed mutual funds or ETFs, you might receive capital gains distributions
Discussion