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@dor1994 3 күн бұрын
Should I keep XEQT in my TFSA? Will it have tax implications because it has US holdings?
@DanishGhaziCPA Күн бұрын
Thank you so much for engaging with my content! Your support means a lot to me, and I hope you’ll continue to follow and support the channel. XEQT is a great all-equity ETF that provides diversified exposure. However, since it includes US holdings, there are some tax implications to consider. Specifically, the dividends from US stocks within XEQT are subject to a 15% withholding tax by the IRS, which you won’t be able to recover in a TFSA. This means that while you won’t pay Canadian taxes on the dividends, you will lose a portion of the US dividends to withholding tax. Having said that, it's a minimal impact to the tune of ~$100 to $200 for every 100k invested.
@dor1994 Күн бұрын
@@DanishGhaziCPA ahh that's too bad you miss out on the full dividend return, but good at least that you don't have to pay Canadian taxes and that the IRS just withholds their15% from the dividend payout. Thanks for responding!
@dewdrops9977 5 күн бұрын
I'm confused about the GST/HST. I get it that I have to register for a number. But how do I collect it on the fare? Is it already included in the fare? And how to calculate it? Is it gross fare times 15%?
@whitecrow2746 6 күн бұрын
All of these you bought in the video are either at same price or below. What a waste of 3 yrs !!!
@Slickpete83 7 күн бұрын
*great channel Danish, i forgot to fill out my schedule 15 for FHSA , mailed in T1 adjustment form and schedule 15 form like CRA told me over the phone, and it's been 2 months and i didn't hear from CRA or get a re-notice of assessment, is it normal for them to take this long, hope they didn't lose it lol....*
@DanishGhaziCPA Күн бұрын
Thank you so much for your kind words and for supporting the channel, it means a lot! Regarding your situation with the CRA, it’s understandable to be concerned about the delay. Typically, the CRA aims to process mailed T1 adjustment requests within 8 weeks, but it can sometimes take longer. Given that it’s been 2 months, it’s still within the normal range, but I can see why you’d be anxious. If you haven’t heard back soon, it might be worth giving them another call to check on the status of your submission. It It could be that everything is just taking a bit longer than usual. Thanks again for your support, and I hope this gets resolved for you soon! Keep me posted on your situation, hopefully all gets resolved.
@neolithic3 8 күн бұрын
Wouldn't the 5% of $6000 be $300 of dividends?
@DanishGhaziCPA 7 күн бұрын
Good Eye - That's how you know someone is paying attention 😉
@derekcox6531 8 күн бұрын
I’m 53. I never made more than 65k dollars a year in my whole working life. I barely finished grade 12,but I am a millionaire at this point. So I can absolutely confirm that yes,saving small amounts of money,consistently over 35-40 years will make a million dollars. Just don’t ever raid your savings. You have nobody to blame but yourself if you make excuses to rob your own future.
@DanishGhaziCPA 7 күн бұрын
I love hearing real stories like this, it's an inspiration to others that the concept in the video is not just theoretical in ideal scenarios, the concepts of wealth building can be simple. Thank you so much for sharing!
@DanishGhaziCPA 8 күн бұрын
🌟 Imagine a life where money isn’t a barrier. 🌟 If all your financial needs were met, what would your dream life look like? Share your vision in the comments below!
@Sa-pq1xf 8 күн бұрын
Actually first time I am hearing this. What is title fraud ?
@mikel4035 9 күн бұрын
great explanation
@MicsMugz519 9 күн бұрын
Nobody buying nobody selling nobody can afford it land isn't cheap either .If I could I would build on a plot of land put up places for people to live at rooms mail power etc monthly
@MicsMugz519 9 күн бұрын
Trudeau must go?
@Blakpepa 9 күн бұрын
The government wants to hide the prevalence of mortgage fraud amongst the south east asian community because they're afraid of being called racist. We all know about this and an underwriter at any bank can tell you this. The banks are well aware of the fraud just dont get caught. Now look how were suffering the consequences as a society
@reidgateman7985 11 күн бұрын
Canada once again punishing people who work hard. Spend tens of thousands on education and the get better job. After that, pay for all the losers in Canada who refuse to work. Good job! You make to much, you get nothing.
@billdickey7064 13 күн бұрын
Great video, I finally have the answer as to how ineligible dividends are taxed in Canada, Thank you
@DanishGhaziCPA 12 күн бұрын
Glad it was helpful!
@1025257 13 күн бұрын
Surprised there are no Hamilton ETFs on your list... they are killing it with much higher dividends
@DanishGhaziCPA 12 күн бұрын
Those ones specifically I have covered in a seperate video, you can check it out here: kzbin.info/www/bejne/gZvUqampd92BY6s
@benny871 14 күн бұрын
Yeah, I mean, who’s going to build a house if real estate isn’t a good investment? The government does not provide housing, but the private sector will. Just look at the states down south. Any non-liberal state with less regulation has affordable housing prices. I get that you guys are having a tough time, but regulations on investors won’t solve any problems.
@MicsMugz519 9 күн бұрын
Realistic is always a good investment.
@fizzypopnmuffin6720 15 күн бұрын
How about purchasing land and putting up a mobile home? Please share your thoughts on it. Thanks in advance
@alipourhashem 16 күн бұрын
How can we contact you by phone
@alipourhashem 16 күн бұрын
Hi
@nicoled5160 16 күн бұрын
Except that banks are artificially keeping prices up. Research value of pre-construction condo prices vs rest of markets. Banks are basically giving 100% loans. Govt is trying to prop everything up with mass immigration. Immigration is good but not when big dollars come in pushing values higher to levels that those living here wanting to get into home ownership cannot unless they are doctors, lawyers, ceos or were in market before 2015
@georgedavidson1221 16 күн бұрын
Stop immigration
@neolithic3 16 күн бұрын
Way too much immigration. International students are not even here for education, they simply want to abuse the system and get residency. Disgusting.
@jeffotoole4509 16 күн бұрын
I could not think of anything better than the dumb ass PM saying that housing has to retain its value. If you want to have a contrarian indicator I think that just was. The market will take care of this crisis in short order. If all these people came in a few short years they can go back in just the same time. I truly believe that we are going to see things over the next few years that people could never imagine.
@zahidnoor3579 18 күн бұрын
Dear sir may i buy a home in canada while i m living in UAE for investment purposes ?
@pradeeshma 19 күн бұрын
Why ETF TEC didn't make to your list. Please clarify
@DanishGhaziCPA 19 күн бұрын
I've covered TEC in a seperate video, have a look: kzbin.info/www/bejne/pJeYZomXobCLsNk
@shabbirahmad9888 23 күн бұрын
Zabardast
@valveman12 23 күн бұрын
Good long-term Pics Danish on Canadian equity. I don't have these in my portfolio, however, I do invest in index ETFs. These of course are focused on US performance. Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) Global X Enhanced S&P 500 Covered Call ETF (USCL.TO)
@DanishGhaziCPA 23 күн бұрын
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!
@Voltermort Ай бұрын
Great video
@DanishGhaziCPA 23 күн бұрын
Glad you enjoyed it
@mukhtarali1056 Ай бұрын
Aa
@marlenemacdonald Ай бұрын
Try over 400.000 in toronto
@Pk-cg4fh Ай бұрын
I will be working for a foreign employer and getting pay directly to my bank account, how do i pay taxes what all legal limitations do i need to overcome here? Please suggest
@ChanChan-tj7yu Ай бұрын
These are all fantastic REIT ETF options, Danish. Thank you for sharing. Quick question would you more likely think it would be best to pick and choose one or two options or spread a total sum equally amongst all the ETFs you've highlighted here?
@DanishGhaziCPA Күн бұрын
Hey there! Thanks for the kind words, I'm glad you found the REIT ETF options helpful! As for your question, it really depends on your investment strategy and risk tolerance. If you prefer simplicity and want to keep things manageable, picking one or two ETFs that you feel most confident about might be the way to go. This way, you can focus on tracking and managing fewer investments. It’s about what makes you feel more comfortable and aligns with your financial goals. Hope that helps! 😊 If you have any more questions or need further advice, feel free to ask!
@RichAngus100 Ай бұрын
Terrible picks. Too low of yields. Zwb 7.5% Bmax 9.3% Call 12.5%
@log10xp Ай бұрын
If only they had shariah compliant options
@DanishGhaziCPA Ай бұрын
There is an option for exactly that covered in my former video: kzbin.info/www/bejne/j5DGp3SaZ7Zrms0
@martinc8057 Ай бұрын
Two years ago I moved to Peterborough from Whitby, this video is great. Moving here is a huge adjustment both good and bad. Hiring contractors up here is hit and miss and much more expensive.
@DanishGhaziCPA Ай бұрын
Thank you for sharing your experience! Moving to a new place can indeed be a mix of excitement and challenges. Adjusting to a different environment, like Peterborough, can be both rewarding and daunting. It’s great to hear that you found the video helpful!
@iriskoss3032 Ай бұрын
Can either one of these ETFs be dripped? Thanks
@kevinregis7744 Ай бұрын
I think you on to something here 💯
@DanishGhaziCPA Ай бұрын
Thank you for your support!
@user-fv6ke8vv2z Ай бұрын
Good list - but just a bit jittery about ( TRP ) because of the spin off of their oil pipelines…. / however I do own ETFs that includes all these names.. plus a bit more …
@DanishGhaziCPA Ай бұрын
I'm glad you found the list useful and took the time to engage with the content! It's completely understandable to have concerns about companies like TRP, I am looking forward to the sping-off. Honestly, owning a diversified portfolio through ETFs is a smart move, as it includes a range of companies and can help mitigate risks. Your insights are valuable, and I encourage you to keep sharing your thoughts and experiences. Your support means a lot, and I hope you'll continue to find the content informative and helpful. Thank you for being part of the community! 🌟
@DanishGhaziCPA Ай бұрын
► Best Canadian Banks ETF Analyzer: t.ly/6O0XQ ► Portfolio Yield Maximizer: buymeacoffee.com/danishghazi/e/119671 ► Best Monthly Dividend ETFs: buymeacoffee.com/danishghazi/e/49880 ► Basic Portfolio and Dividend Tracker (Excel): buymeacoffee.com/danishghazi/e/32766
@DanishGhaziCPA Ай бұрын
What are your thoughts on this Beat The TSX Strategy, is this something you would implement?
@Lpmeff Ай бұрын
A Jameson a day will keep the doctor away
@Lpmeff Ай бұрын
thank you for the wise words
@yusuf-oi8hy Ай бұрын
Can you make an updated halal etf list in Canada to invest in
@windsorsportscards7569 Ай бұрын
Hi , what etf do you feel carry’s the least risk ? Just turned 50 and need to decide on where to invest a Lira with a value of just under 1 mil , nervous to take higher risk in my 50s now
@DanishGhaziCPA Ай бұрын
Great question, something I discussed in great detail here: kzbin.info/www/bejne/jnKQZHqKYquro7s
@valveman12 Ай бұрын
IMO...It's a good time to get into REITS. Mortgage rates will have to drop, and more construction will see REITs perform.
@DanishGhaziCPA Ай бұрын
Thank you for sharing your insights! I truly appreciate hearing from you on my videos. Re: REITs, your perspective is spot-on. With mortgage rates potentially dropping and increased construction activity, REITs could indeed perform well. Diversifying into this sector can be a strategic move for investors. Keep the thoughtful comments coming-I value your engagement! :)
@Vision267 Ай бұрын
Independent contractor. No withholding text. T2125
@RitikaJindal-fr3ot Ай бұрын
Hii as a international students can I setup a small bussiness of Tax file and how much I pay for this bussiness what's the process sir
@mortylevitt622 Ай бұрын
Thanks for another great video. Any opinion on propel holdings (prl), thanks
@UpsetGranny-yr5wn Ай бұрын
You get what you pay for. There is a reason prices are lower in these areas. There aren't the same job opportunities. You might have to commute 2 hours to work and 2 hours home.