BEST US ETFs For DIVIDENDS | Passive Income Investing | US Dividends for Canadian RRSP

[@jimdart8219]

This channel is gold. Thank you for Canadian content, there is so little out there for the Canadian. I also hope your business videos will touch on what is best for side hustles, self-employed, freelancers. I think this will be a big part of life from here on in.

[@CanadianTShirt]

Thank you Jim for those kind words! I really do appreciate that! 🙏 You bet! I will cover the different types of side businesses in my upcoming video on how to start a business in Canada =)

[@luisfranco7760]

I gotta say that at first when I heard you talking about the Norbert's Gambit technique, it sounded too complicated, but after watching your educational videos I've been able to do it myself. So, thank you so much for all your hard work and dedication.

[@CanadianTShirt]

I'm so happy to hear that! I remember when I first about Norbert's Gambit so many years ago. It sounded complex but really it's so simple! I know do it almost every month! =)

[@daniszwarc]

Hey Adrian, would you do a guide or throw ideas for people on their 50’s, which I assume the approach is different since we have not so many years ahead? 🙏👍

[@CanadianTShirt]

Hey Dani! Great question! I will DEFINITELY be making a video on this topic but essentially, when you are getting closer to retirement (in your 50s and 60s) you don't really have the luxury of time and since you WILL NEED this money in a matter of years, you don't want to be making risky or volatile investments. You still want your money to grow but you don't want to risk having it tank since you don't have years to wait and let it recover

[@CanadianTShirt]

So in that case, when you're in your 50s I would suggest investing more heavily in conservative investments which produce passive income and don't swing up and down in value. So things like sustainable dividend stocks and ETFs and bonds =)

[@daniszwarc]

@@wavebenjamin7755 thank you for replying. Would you mind developing the idea?

[@daniszwarc]

@@CanadianTShirt 🙏 thank you so much. If you are close to Oakville, would you offer consulting?

[@CanadianTShirt]

@@daniszwarc hey Dani, ignore those previous replies.... it was a spamming bot... They're showing up more and more on KZbin so be careful!

[@ericfoss5457]

Thank you Adrian, another great informative video. Nice and to the point. No story telling and blah blah blah.... Looking forward to the next one.. Thanks again.

[@CanadianTShirt]

Thank you Eric! That's what I try to do! I HATE the idea of wasting anyone's time =)

[@davidchen5661]

OMG, how did you read my mind! I was beginning to thinking about buying some US dividend ETFs since yesterday. I was struggling doing some research last night and this morning but got no clue. And your video came! Thanks!

[@CanadianTShirt]

Perfect timing David! That's what I LOVE to hear! 😁

[@CanadianTShirt]

Remember, if you're looking to throw in a large sum of money, more than $1500 into these US ETFs, I strongly suggest you use Norbert's Gambit to convert your CAD into USD cash! This could save you hundreds of dollars in currency conversion fees! kzbin.info/www/bejne/p2e0YpewgJ2pqtU But if you already have USD ready to go, then just buy them normally =)

[@davidchen5661]

@@CanadianTShirt Just to let you know, I did my first norberts gambit and purchased a US Stock last month, after watching your video on this! You are the best!

[@CanadianTShirt]

@@davidchen5661 Way to go! 🔥

[@trangyen9073]

Really good content 👍. I opened my Questrade account 7 years ago but did a bare minimum with it. After watching your video, I was inspired to start looking at stocks again.

[@CanadianTShirt]

That's what I LOVE to see! I hope you saw some decent growth in the past 7 years but it would have been even better if you were able to invest more money back then =)

[@tbonethugg]

Just made my first ETF purchase in my newly opened RRSP account on Questrade! Got a bunch of SPYD and signed up for the DRIP. Will use my next paycheck to get some DGRO. Thanks for the recommendations! Your videos are much appreciated and add tremendous value to the lives of your fellow Canadians. Keep it up, and don't sweat the delay due to the audio issues. Stuff happens, we understand. 😄

[@CanadianTShirt]

Thanks buddy! I'm glad you found this video helpful and you made some great choices! I really appreciate your kind words and your understanding as well 🙏

[@Rob-ob3sh]

I just bought all 3 today to start my RRSP in Questrade. Thanks great vidio

[@CanadianTShirt]

Way to go Rob! Hopefully you can enjoy those DRIPs soon! =)

[@Rob-ob3sh]

@@CanadianTShirt thanks and keep the great videos going as you always have great info.

[@CanadianTShirt]

@@Rob-ob3sh thank you for those kind words! I'll keep them coming! =)

[@PassiveCanuck]

Love these picks, I own SPHD and DGRO and I'll be looking to add enough for a DRIP when I add SPYD to my US Margin account. I'm Canadian but I make money in USD so I actually don't convert to canadian dollars before investing unless it's maxing out my TFSA.

[@CanadianTShirt]

That's awesome! If you already have a source of USD income, then you can definitely purchase these ETFs directly without having to convert! Way to go! If you ever need to convert back to CAD, make sure you use Norbert's Gambit to avoid those conversion fees =) kzbin.info/www/bejne/p2e0YpewgJ2pqtU

[@CanadianDividendInvesting]

Very easy to follow along and understand, love learning from your videos Adrian, keep up the good work!

[@CanadianTShirt]

Thank you! I really appreciate that! 🙏

[@TheBuddybuddymoon]

love that SPYD :D Great Suggestion as always!

[@CanadianTShirt]

Thanks buddy! You were one of the first people I ever suggested an investment too! 👊

[@MengisteabTesfamichael]

Thanks for your educational vedeo. My wife, daughter and I have opened an account at questrade. We justed invested over 100000 to etf devedend stocks. Thanks again

[@CanadianTShirt]

I'm happy to hear that and congratulations to your entire family for taking the step and investing for yourself! 🙌

[@deannab7224]

Great video! I’ve been holding VTI, VNQ, VXUS and VYM etfs in my RRSP along with Coca Cola, Apple, NIO and PayPal and Westpac (Australian bank) as individual stocks.

[@CanadianTShirt]

Great portfolio! I don't personally know Westpac but I'll look into it =)

[@deannab7224]

@@CanadianTShirt one of the big four banks in Australia. I bought it to get more diversification outside of the USA and Canadian markets. VXUS gives me that and then I bought westpac as an individual stock as it’s on the NYSE, has a nice dividend and growth potential. Australia’s big banks seem similar to Canada’s in stability, use etc. Keep up the good work Adrian 👍🏼

[@jasonstupak4535]

Great Scott! A Canadian in a T-Shirt! Watched and liked, thanks Adrian! I already own SPYD, and up 40% in it. Will look into the other 2.

[@CanadianTShirt]

haha thanks Jason! Good call on SPYD! I was also super lucky to buy all these ETFs (and more) at these huge discounts this past year! 😁

[@jasonstupak4535]

@@CanadianTShirt Well done my friend!

[@brucemillette367]

DGRO is sweet cause you get some nice steady growth and a growing dividend to boot .. thanks for the video buddy

[@CanadianTShirt]

You got it buddy! It's the best of both worlds! Too many beginner investors are too fixated on finding the highest dividend yields. You also need to mix it up with sustainability and growth =)

[@evadeanu1]

Re watching this as now is my time to invest in US ETFs. Many thanks Adrian.

[@CanadianTShirt]

Perfect timing Enid! These are still my favourite US ETFs that I invest in every month in my RRSP =)

[@evadeanu1]

@@CanadianTShirt Awesome! Now I know what to do.

[@leonaseller6404]

Thank you! It’s great to have you back! You’re amazing!

[@CanadianTShirt]

Awww thank you Leona! The past several weeks have been unbelievably hectic but I am in the middle of editing two more videos so stay tuned for them soon! =)

[@MightyRostam]

Hi Adrian, big fan of your videos. I've heard that Canadian ETFs, especially those containing banks, pay substantial dividends and are also more tax efficient in a non-registered account. What ETFs would you recommend that are high-yield and tax efficient? Thank you

[@CanadianTShirt]

Yes Canadian dividends are quite tax efficient, especially at lower tax brackets due to the Canadian Dividend Tax credit which I will break down in detail in an upcoming video! I have a WHOLE video on my favourite Canadian Dividend ETFs so check that out =) kzbin.info/www/bejne/a5TVoWinmracpMk

[@MightyRostam]

@@CanadianTShirt Thank you, Adrian. Much appreciate it 😀

[@CanadianTShirt]

@@MightyRostam happy to help! =)

[@ericden90]

Hey Adrian, thank you all your works ! I started investing recently because of your channel! 🙂I wanted to know: what do you think of QQQ and JEPI?

[@CanadianTShirt]

I don't invest in JEPI myself but I do invest in QQQ for that NASDAQ exposure! =)

[@kcirdorb9591]

Thanks Adrian... great that you pick the dividend producers...looking forward to the Canadian ETF's next

[@CanadianTShirt]

Thanks Kevin! I like to pick multiple ETFs with various strategies: some focusing on high yields, some on dividend growth and of course, you want wide industry exposure! I will definitely be making more videos on my favourite ETFs in Canada and the US but check out my older video on my favourite Canadian ETFs: kzbin.info/www/bejne/nonVf2h7i6ijbrs All of these ETFs are still great choices and I personally invest into them every month =)

[@timinedmonton]

Not a bad video...if people are looking to start investing with these stocks, I’d recommend keeping most money in a cash balance in their brokerage accounts to buy at a good price. US stocks in particular are very expensive right now. Remember to buy low, sell high!

[@CanadianTShirt]

To a certain degree! Do NOT try to time the market! It really can't be done. By definition, you will NEVER know when you are at the bottom of the market until the bottom has already passed. So you don't want to hold onto a huge pile of cash for months or even years waiting for the market to crash. Instead, I suggest spreading out your investment over the course of weeks or even months! This way you are taking advantage of the dollar cost average of the market, rather than trying to time it and buy at the perfect moment =)

[@SY-dv3wz]

@@CanadianTShirt I guess this strategy makes the most sense with Questrade which offers free ETFs but I don’t think it would be economical to keep buying shares of stocks and paying commission every week right?

[@CanadianTShirt]

@@SY-dv3wz If you have a large sum of money, absolutely! If you only have $100 to spend every week on stocks, then no. Don't do that since you'll be wasting a ton of money on commission fees. But if you have a big pile of money like $10K. I would NOT invest it all at once! I would spread out my investment over time. Maybe something like $2K every week. This way you are not hoping to time the market right. Sure you'll spend an extra $20 or so on commission fees but it is statistically safer to invest at 5 different times than all at once =)

[@nevillejames2200]

Great video Adrian. Thanks for these great ETFs. I have them on my watch list but the 2nd ETF sounds great. I hope you are doing well. Are you able to do a video on top Canadian and US stock to by every month or every quarter. Love to see your thoughts and choices. Keep up the great work.

[@CanadianTShirt]

I'll definitely be making more Canadian and US Stock pick recommendations! Also, no pressure at all but if you want to join my membership, you'll see exactly which stocks I'm buying every single month as I buy them live. The membership costs $5 a month so no pressure at all. I'd rather you invest that $5 on your own unless you truly think you'll find value from my exclusive videos =)

[@nevillejames2200]

@@CanadianTShirt thanks Adrian. I look forward to your next video. Thanks for the reminder on the membership. I will for sure look into it. Thanks again Adrian. 👍🏿

[@jasongray9817]

Love your videos just a quick question am I able to cash in my dividends from my RSP account

[@CanadianTShirt]

When you receive a dividend, that cash remains in your RRSP account so you can use that cash to reinvest and buy more stocks and ETFs. That's what you should do, remember the RRSP is designed for LONG TERM retirement investing. You "can" withdraw that cash but you will pay taxes on that withdrawal... You don't want to withdraw from your RRSP during your working years since you're in a high tax bracket. You want to withdraw during retirement when you have no income or very little income and thus are in a low tax bracket! =)

[@amankohli8466]

Thank you. Waiting for members only RRSP video 😀 Also can you please cover spousal RRSP.

[@CanadianTShirt]

You bet! I am currently editing the latest members only video: Part 2 of my ENTIRE TFSA Portfolio Reveal! This video is a beast! Right after this, it's time for my RRSP Reveal =)

[@cinemini9505]

im glad that i found out your channel..im a beginner as well.. learning a lot from your videos:)

[@CanadianTShirt]

That's awesome Cine, thank you! I'm glad you found my channel and I hope you find them valuable! 😁

[@subhasishs]

Hi Adrian, As always great content and presentation! I was wondering if you can make a video on BEST US ETF's for High Growth to be used for Canadian RRSP? Thanks,

[@CanadianTShirt]

Sure thing! Personally I hold my capital gains, growth heavy investments in my non-registered account since capital gains are so tax efficient

[@CanadianTShirt]

But yes when it comes to my favourite high growth US ETFs, I just like the basic index funds like VOO and QQQ. I don't need to pay high fees for that =)

[@subhasishs]

@@CanadianTShirt Really? Can you elaborate in your video how it is tax efficient to use non-registered account as oppose to RRSP account for US growth ETF's? I was under the impression that Canadian investors need to slot the US securities into RRSP for tax purposes.

[@harmeetkaur1802]

Hi Adrian, Do you think these etfs are still a good first buy for a beginner trying to invest in US stocks?

[@CanadianTShirt]

Absolutely! Follow me on Blossom and you'll see that I am still buying all of these USD ETFs on a regular basis =) blossomsocialapp.page.link/canadiantshirt

[@CanadianTShirt]

If you don't know what Blossom is, it's a free app that I am working with that allows you to see my full portfolio and follow all of my trades along with other KZbinrs like Brandon Beavis. It's basically a social networking platform like LinkedIn but it's exclusive for CANADIAN investors! 🇨🇦 Check out my Announcement video where I talk all about it =) kzbin.info/www/bejne/qne8gWihjL2meJI

[@fridmughal5575]

Hey Adrian, What are your thoughts on covered call ETFs like ZWC and split shares like EIT.UN and ENS?

[@JesusOurKing]

True I'd love to his input on covered calls etfs like ENS, CGXF, TXF or some split share funds mainly DFN, DGS.. FTN, FFN are a little to risky

[@bobsacamano4]

Just stumbled onto this channel, brilliant content Adrian! Got yourself another sub 👍 Would you say it makes sense to hold US ETFs in an unregistered account in Canada in order to help diversify, or because of the withholding taxation rules, would strictly Canadian ETFs be a better route? Keep up the great work man, I'll be coming here a lot!

[@CanadianTShirt]

Thank you Michael! I really appreciate that! In an ideal world if you had unlimited RRSP room, you would want to hold US ETFs that pay dividend in your RRSP to avoid those taxes entirely but once your tax sheltered accounts are maxed out, you will have to invest in a non-registered account and thus pay taxes on that! US ETFs will not be taxed as favourably as Canadian ETFs since you don't get the more favourable Canadian dividend tax credit and although you will be charged the US withholding tax on those dividends, you can claim a foreign tax credit to avoid being taxed twice by both Canada AND the US

[@CanadianTShirt]

There is a TON to cover when it comes to non-registered investments taxation and I will be making several videos about that so stay tuned! But overall, yes you should still invest in US ETFs, diversifying across multiple markets is SO important, even if the taxes take a bit of a bite =)

[@konstantinoskouremenos7006]

Hi Adrian, First, congrats on your channel; very approachable videos and easy to understand. I wanted to know what you thought of BMO Canadian High Dividend Covered Call ETF or general covered call ETF`s as an option for your type of portfolio. ( i.e. dividend , reit driven strategy to create passive income) Thanks again and keep up the great work.

[@Slimshady316]

Hi Adrian, love your videos. This was the exact video I was looking for. Thank you so much. All the etfs you mentioned are unhedged US etfs right? Does it matter if we buy hedged or unhedged US etfs in our RRSP?

[@CanadianTShirt]

Yes they are unhedged! They are purely in US dollars! I prefer unhedged funds since I really don't care about currency rate fluctuations, I care about the long term future of the company. Plus with hedged ETFs, you will usually be paying significantly more in management fees! I'm glad you found this video helpful and great question! =)

[@CanadianTShirt]

But to answer your second question, it does matter which currency you buy these funds in! I will actually be making a WHOLE video on US Withholding Taxes and how they work with ETFs but if you want to avoid this 15% withholding tax on US dividends you'll have to hold the ETF in USD and hold it in your RRSP! If you hold a CAD version of a US ETF (something like VFV) you will still get charged this 15% withholding tax! These rules can get quite complicated when it comes to international ETFs so stay tuned for that upcoming video! =)

[@JesusOurKing]

@@CanadianTShirt oh I didn't know about this.. Meanwhile everyone's grabbing VFV in their TFSA... Another consideration point, thanks.

[@CanadianTShirt]

@@JesusOurKing You bet! I think a lot of people are surprised when they see these withholding taxes and they see their dividends are less than they expected! I will definitely be making a whole video on this topic to fully flesh it out =)

[@JesusOurKing]

@@CanadianTShirt yeah,and then they blame the platform they're using. Good you pointed this out. Thanks

[@Joey4100]

Always so much info and easy to understand. Great video!

[@CanadianTShirt]

Thanks Joey! I really appreciate that, that's what I always try to do! I try to break it down to basics and make investing approachable to anyone! =)

[@lakshyaahuja3108]

Awesome information as always. Could you make some videos on insurance..like life, term etc.

[@CanadianTShirt]

Thank you Lakshya! I don't have any personal experience with life insurance since I don't have any kids or anyone depending on me. But if enough of you guys are interested, I can make a video and give my thoughts but again I'd prefer to make videos on things that I have personal experience with =)

[@shenbryl]

Hi Adrian, I will finally be able to start investing this year in my RRSP and I will only go for US ETF in there. I was wondering if your top 3 is still the same (SPYD DRGRO SCHD) or you would change it a little this year? Thanks for your insights!

[@CanadianTShirt]

I'm happy to hear that you are starting your RRSP journey! And you bet! These are still some of my favourite USD ETFs! And thank you for supporting my channel through my membership program! If you watch my Members-Only videos, you will see that I also like other USD ETFs like NOBL and USRT. I talk about them in my RRSP videos =)

[@echoesofwisdom_]

Been waiting for this video, thank you!

[@CanadianTShirt]

That's what I love to hear! I hope it was worth the wait! 😁

[@g.u.6897]

Do you recommend DGRO outside your RRSP to get US exposure? Or, what do you recommend to get the US exposure in your TFSA? Thanks for all the videos Adrien.

[@CanadianTShirt]

Personally, I only hold DGRO in my RRSP to avoid that 15% tax on US dividends

[@CanadianTShirt]

You certainly CAN hold DGRO in another account including TFSA. The dividend yield isn't huge so that 15% cut won't be too bad but it's still something to be prepared for!

[@CanadianTShirt]

My TFSA is exclusively Canadian. I hold my US dividends in my RRSP and US growth in my Margin account. But you can also hold US growth in your TFSA too! US Capital gains will be tax-free in a TFSA. Only the US dividends will be taxed 15% =)

[@overlapmedia]

Hey Adrian. After seeing this insightful video and the Canadian equivalent, the question becomes should I stick with keeping my cash in CAD dollars and investing in Canadian ETFs in my RSP, or is it is worth converting my money to US and buying what you recommend here? Basically, do the US ETFs perform better than Canadian ones? Thanks and keep up the great work. Cheers.

[@keishawm4224]

I actually have the same Q ...dont want to have to worry about conversion rates and WHT and just want to buy the CAD equivalent ETF.

[@dariahill9389]

Can we just buy spyd in Canadian currency in RRSP?

[@keishawm4224]

Love your channel! My Q is if I don't want to have to worry about conversion rates and WHT which Canadian ETFs are the equivalent that I could just buy in my RRSP? THANKS!

[@CanadianTShirt]

There are various Canadian Dollar version of popular US ETFs however I don't usually recommend them for 2 reasons: One, the CAD versions are usually significantly more expensive with an MER usually 2 to 3 times higher. Two, CAD version of US ETFs do NOT get the same tax treatment! I always hold US ETFs that pay dividends in my RRSP account to avoid the 15% withholding tax on those dividends but if you hold the CAD version of those ETFs, you CANNOT avoid that withholding tax!

[@CanadianTShirt]

So in the end, buying USD version of ETFs and using NORBERT'S GAMBIT to convert CAD into USD to avoid the conversion fees is the best way to go! Check out my tutorial to see how to do that =) kzbin.info/www/bejne/p2e0YpewgJ2pqtU

[@Billthethrill777]

Hello, could you do a video on Hamilton ETF's? The HMAX is currently the highest paying Dividend ETF in Canada

[@CanadianTShirt]

I personally don't touch the covered call ETFs, I avoid options trading in general. Yes they have enormous yields which can be tempting but they have virtually no chance of capital appreciation, in fact they usually lose value over time! I prefer to invest in quality companies that will give me BOTH dividends and long term capital gains =)

[@BasicBodThor]

In a future video would you be able to touch on when you should consider trimming a position in a stock?

[@CanadianTShirt]

That's a great suggestion! Thanks buddy! =)

[@BasicBodThor]

@@CanadianTShirt You got it :)

[@brentbroughton7989]

Great job, always look forward to your videos to help me learn

[@CanadianTShirt]

Thanks Brent! I really appreciate that! 🙏

[@sarahs.3094]

Thank you for the video Adrian. Can we have RRSP account that hold US dollars to buy these US ETFs?

[@CanadianTShirt]

Absolutely! That's why I suggest Questrade since you can hold BOTH CAD and USD with Questrade. Check out my video on How to Buy US Stocks and ETFs for Canadians =) kzbin.info/www/bejne/eaa5opmHpNKGhsU

[@sarahs.3094]

@@CanadianTShirt thank you Adrian, not sure how I missed that video. I get paid in USD dollars for my side hustle. Can I link up USD dollars account to Questrade?

[@PHFilms3]

Hey Adrian, thanks for the great content. Question for you, can I not buy US etf for my USD TFSA account? You don’t say this in the video but you do say in the Canadian do.lar TFSA account you can, can you please clarify?

[@gmarks1559]

I like VYM personally, great info!

[@CanadianTShirt]

Good call! There are a TON of ETFs to choose from, especially in the US market so I will definitely be making a sequel to this video where VYM will make an appearance =)

[@josephogz]

As always! Very informative! Thank you!!

[@CanadianTShirt]

Thanks Joseph! I'm glad you found it useful! =)

[@togepi2023]

Thanks for these recommendations! Could you go into more detail about the withholding tax? I’ve watched your other videos for RRSP taxes but it was covered too quickly 😅

[@CanadianTShirt]

I will be making a WHOLE video on withholding taxes since it can get quite complicated, especially when dealing with international ETFs. Basically, when you receive US dividends you will be charged a 15% Withholding tax on those US dividends and you're charged them immediately! So you only receive 85% of the dividend you should be getting! Even a TFSA account will NOT protect you from this withholding tax. The only way to avoid it is to hold those US dividends in an RRSP account =)

[@yvonnef8289]

@@CanadianTShirt Nice point and very great video as always! However if we hold these US ETFs in RRSP, there’s no withholding tax on dividends and no tax on capital gain neither? But RRSP defers tax right? So what part of tax are we paying when we sell these ETFs when we retire? And one more question, the more US ETFs you buy and when at retirement, if you have reached US$100K, it would be more complicated to declare foreign income, right? Sorry for all the questions and thank you very much in advance!

[@abywasg6813]

Hey Adrian it's useful info as usual. Can you please make a video on which ETF or Stocks are good to hold in RESP? I do not want to gumble on my daughter's money. Thank you

[@CanadianTShirt]

Generally you want to invest in your RESP the same way you invest in your TFSA, with Canadian dividend stocks and ETFs. Check out my Stocks to Buy Playlist to see my favourite Canadian dividend stocks and ETFs to hold in your TFSA or RESP =) kzbin.info/aero/PLj8bU3AuW2qFD4sCsCxXdaAADlyiP8bqB

[@abywasg6813]

@@CanadianTShirt Thanks I will re-watch it back

[@cooldude9505]

Great video as always! I was wondering if there are etfs that are listed on the TSX that track American companies?

[@CanadianTShirt]

There are a ton of such ETFs such as VFV which is the CAD version of VOO, tracking the S&P 500. However, I avoid these for two reasons: The CAD version of US ETFs will have higher management fees and two, you WILL be charged the 15% withholding tax on these CAD ETFs since the dividends are coming from US companies. The only way to avoid this withholding tax is to hold the USD version of the ETF in your RRSP. I'll be making a whole video about this! =)

[@Gul_Jee]

Thanks Adrian for another high value video.

[@CanadianTShirt]

Thank you Gul! I'm really glad to hear that this video provided value! 🙏

[@filb]

Another great video buddy!!!! One question for you, since I am in a low tax bracket (I believe that's anyone under 49$K if I am not mistaken), am I better off maxing my TFSA before even thinking about adding some US funds in the RRSP? Or should I split my monthly investments and put a portion in my TFSA for my Canadian ETF's and the other half in my RRSP to hold some US Etf's/stocks?

[@CanadianTShirt]

That's an EXCELLENT question! I will be making a whole video on the TFSA vs RRSP depending on different situations but for now, check out my RRSP Explained videos where I go over this very issue: kzbin.info/www/bejne/mHywf5qkgqeGmqc

[@CanadianTShirt]

You are correct that if you're in a low tax bracket, you don't get much of a tax benefit from claiming your RRSP deductions but remember you do NOT have to claim the RRSP deduction when you make the contribution! You can put money into the RRSP and let it grow tax free and then years later, when your income grows to a larger tax bracket, THEN you claim that RRSP tax deduction to reduce your tax bill =)

[@luisfranco7760]

@@CanadianTShirt Thanks for the clarification. If a person do not expect his/her salary to increase to a higher tax bracket, does it make sense to open and invest in the USA market on a RRSP or will it be better to invest on the TFSA account even if it means he/she pays the 15% withholding taxes. Thanks

[@plusRS]

I was hoping you would make this video! Thanks :D

[@CanadianTShirt]

I hope it was worth the wait! Thanks for watching! =)

[@Jasonyhlee]

Great content. Worried about your posture though lol

[@CanadianTShirt]

hahaha thanks for looking out for me Jason! I promise I don't sit like that all the time, just when the camera's rolling 😅

[@HateCrewReaper]

I just want to make sure I am understanding this correctly. Both dividend and capital gains from US stocks will not be taxed on either the Canadian or American side if held in an RRSP account. Capital gains from a US stock in a TFSA will not be taxed on either side. But US dividends will be subject to the 15% American withholding tax if held in a TFSA. If these statements are correct, to avoid paying taxes, the idea would be to hold any US dividend stock in an RRSP account, and any growth US stock could be held in either a TFSA or RRSP. Please correct me if I am misinterpreting this. Also, let's say I do have US dividend stocks in a TFSA, when is the 15% withholding tax applied? Is it already applied on the dividend payment or will I be asked to pay the 15% on my tax report? Thank you so much for all the information and helping us understand more about money and investing.

[@samreensagani3196]

Thanks for the video! What's your take on the Invesco QQQ Trust series ETF?

[@CanadianTShirt]

It's a great option to get exposure to the NASDAQ which is heavily focused on the largest tech companies! Since it's mainly tech, it barely pays out a dividend so it definitely doesn't belong on this list but it is a great option for long term capital appreciation =)

[@mikaelpoulsen7419]

Adrian thanks again awesome explanation you make it simple to understand.. SPYD keep for life drip it and let it grow in your rrsp until retirement.. I have one question that could be a great video for passive dividend income later in life - If you compare XYLD TO SPYD . XYLD is covered call strategy trailing yield just over 9% net after mer. you loose some upside /growth but higher yield might be preferable later in life ? What is your take on XYLD ,is it going to stay around for life like SPYD? Could be an interesting video if you are interested..cheers

[@marianetufo3167]

Great job. Simple and very easy to implement. Thank you

[@CanadianTShirt]

Thank you Maria! That's what I try to do! I try to break it down to be accessible to everyone! =)

[@SY-dv3wz]

Hi Adrian thank you for all the great info in your videos. Since watching you I have opened Questrade account and invested in many of the efts you have recommended. I wanted to ask if you could do a video on growth ETFs for Canada and the USA? Also one more request could you do a video on ETFs vs index funds? I’m not really clear on the difference. Thank you in advance from your loyal subscriber!

[@CanadianTShirt]

You got it buddy! I'll definitely be making a video on the best growth ETFs! =)

[@CanadianTShirt]

This is a common question and it's intentionally confusing and even worse, different institutions have different definitions but here is the short summary. An index fund is just a fund that tracks an index, like the S&P 500. This can either be a mutual fund or an ETF. Generally speaking, when a bank refers to an index fund, they are probably talking about mutual funds which have higher management fees. But lots of ETFs, in fact most of the ETFs in this video would also be considered index funds since they track an index! I prefer to avoid the word "index fund" because of this confusion, I always use the term "ETF tracking an index" instead =)

[@SY-dv3wz]

@@CanadianTShirt thank you this makes way more sense!:)

[@bowensteevan]

Hey Adrian, when you say avoid all taxes when holding us etfs in rrsp, is that just the us withholding taxes? Or is it also canadian taxes? Would I still be getting the contribution slip every year to claim then pay taxes when withdrawing at retirement age? Thanks man

[@CanadianTShirt]

All taxes! The RRSP is a tax-sheltered account so you avoid all taxes on income (capital gains and dividends) from both Canadian and US investments while it remains INSIDE the RRSP! You only pay taxes when you withdraw from the RRSP, this is why you should only withdraw during your retirement years when you are in a lower income tax bracket. I talk about this in much greater detail in my RRSP Explained videos! =) kzbin.info/www/bejne/nZS8nYSia815bNk

[@bowensteevan]

@@CanadianTShirt ok awesome thanks for the quick reply! Love ur videos!

[@ewonwhynes]

Great video , I have two questions. What are your thoughts on VOO (Vanguard) and can the founds you mentioned get the same results and benefits in a LIRA ?

[@CanadianTShirt]

VOO is an EXCELLENT ETF to gain exposure of the US market (S&P 500) for rock-bottom prices! It only has an MER of 0.03% which is practically free! It barely pays a dividend though, it focuses mainly on capital gains so if you want, you can hold VOO in your TFSA. The capital gains will be tax free but the tiny dividend will be charged the 15% withholding tax but this will be a very small amount. And yes, you can waive the US Withholding tax on US dividends in an RRSP, RRIF or a LIRA as well. This tax exemption applies to registered retirement accounts =)

[@ewonwhynes]

@@CanadianTShirt thanks for the reply,noted.

[@Amejia481]

Awesome video Adrian, do you have have any opinions about VTI?

[@CanadianTShirt]

VTI is a GREAT option to gain exposure of the entire US market for absolute rock-bottom fees! The MER is only 0.03% =)

[@CanadianTShirt]

VTI is great for capital gains but it barely pays any dividends. You can absolutely hold it in your RRSP to be 100% tax free, or you can hold it in your TFSA to have the tax-free capital gains. In a TFSA, you will be paying that 15% withholding tax on those dividends but 15% on a tiny 1.5% dividend will barely be noticeable! =)

[@yvonnef8289]

Great video as usual Adrine! I have a few questions. 1) For RRSP, since we buy ETFs are mainly for retirement savings, do you recommend to buy Canadian high dividends ETFs or the US ones that you recommend? 2) For the limited investment money, would you suggest to buy VOO in TFSA firstly or to buy these high dividends ETFs at RRSP firstly or to buy Canadian ETF like XIC at TFSA firstly? 3) How do we diversify our ETF in RRSP? E.g. 50%-50% Canadian and US ones? 4) If no tax on capital gains and no tax of withholding tax at RRSP, what tax are we paying when we take out the investment when we retire? Thank you very much indeed again!

[@CanadianTShirt]

Hey Yvonne, that's a lot of questions! You should diversify and invest in BOTH the US and Canadian market! So invest in Canadian dividend ETFs (these can be held in either the TFSA or RRSP tax-free) and US dividend ETFs (these should be held only in the RRSP to be tax-free)

[@CanadianTShirt]

VOO is an excellent choice! You can certainly hold it in an RRSP to be 100% tax-free but remember VOO barely pays a dividend. The main benefit of VOO is capital gains which are 100% tax-free in a TFSA so feel free to hold it there! For US ETFs that pay higher dividends, they should go in the RRSP

[@CanadianTShirt]

Make sure you check out my RRSP videos to learn how RRSP withdrawals are taxed! kzbin.info/www/bejne/nZS8nYSia815bNk There is a TON to talk about regarding RRSP withdrawal rules and taxation but in short, the amount you withdraw from your RRSP will be taxed as regular income. That's why you should only withdraw during retirement when you are in a lower tax bracket =)

[@yvonnef8289]

@@CanadianTShirt Thank you so much Adrine for your detailed guidance! I am watching your videos multiple times to make sure that I note down all the points! So grateful for all your knowledge and help! A huge thank you!!!

[@CanadianTShirt]

@@yvonnef8289 Thank you Yvonne! I really appreciate that! 🙏

[@heidik1757]

Would my dividend on this be paid in Canadian dollars? or kept in US dollars? Good video :)

[@CanadianTShirt]

Nope! If it's a stock in USD your dividend will be paid in USD! No currency conversion needed! That's one of the beauties of Questrade! =)

[@NB-iv7cb]

Hey Adrian! more great info. If the US$ ETF's should be kept in the RRSP account to avoid withholding taxes, does the same apply to US stocks?

[@CanadianDividendInvesting]

No, withholding taxes only apply to dividends

[@NB-iv7cb]

@@CanadianDividendInvesting thank you!

[@CanadianTShirt]

Absolutely! US dividends will be charged the 15% US Withholding tax, so that includes US stocks and US ETFs, if they pay a dividend! The withholding tax does NOT apply to capital gains, only to US dividends =) I only hold my US dividend stocks and US dividend ETFs in my RRSP to avoid this withholding tax!

[@NB-iv7cb]

@@CanadianTShirt Thx! one more question...which stocks should be in TFSA?

[@alwayspositive999]

Thank you great content- was wondering if it's worth it to transfer frm an rsp held with a cad bank to questrade if you are over 55 yrs ?

[@CanadianTShirt]

Absolutely it would be! Your bank will be charging more than double the commission fees compared to Questrade plus, Questrade offers zero commissions on ETFs (like the ones in this video) so it will save you a ton of money in the long run!

[@CanadianTShirt]

I have a whole video tutorial showing you exactly HOW TO TRANSFER your RRSP from another Bank into Questrade so check it out! And if you follow the steps in the video, it won't cost you a think since Questrade will reimburse your transfer fees! =) kzbin.info/www/bejne/eJeUq6icg9GEic0

[@alwayspositive999]

@@CanadianTShirt thanks for all the info- wondering if u also hv a video re the steps to hv $ transferred bk to my account( frm rsp) - when I need to use it.

[@ajps9532]

Finally!!!! Great work! 👍

[@CanadianTShirt]

Thank you! I hope it was worth the wait! =)

[@ajps9532]

@@CanadianTShirt Just finished watching, quality content as always. Added these 3 on my watchlist. Huge thanks!

[@CanadianTShirt]

@@ajps9532 That's what I love to hear! Thanks buddy! =)

[@solaron99]

awesome breakdown on SPYD... thanks Adrian!

[@CanadianTShirt]

Thanks buddy! I'm glad you found it useful! =)

[@kjon6082]

What’s your opinion about TNT-U.N.TO AND QYLD, which have much higher dividend?

[@CanadianTShirt]

I don't recommend options trading, especially for beginners! And yes, covered calls are generally "less risky" than regular options but you basically have no chance of long term capital appreciation, you are ENTIRELY reliant on the dividends. I prefer these ETFs since you an expect BOTH passive income and long term capital gains =)

[@HITMAN934]

Hey Adrian, how do you do the TTM ? Do I add the last 4 quarters and then divide that by the stock price ? Or do I add the 4 quarters, divide that by 12, then divide that by the ETF price. Trying to figure out FLI.TO TTM. Also, will you be doing a new video for Canadian ETF’s similar to get one :)

[@CanadianTShirt]

Exactly! You add up all of the dividends paid out in the last 12 months (which is 4 quarters but the timing might be off by a month or two) and then dividend by the current share price. The dividend yield will always be an annual rate, that's why you use 12 months. This way, it works for both quarterly and monthly dividends =)

[@CanadianTShirt]

You bet! I will definitely be making more Canadian ETF videos! In the next few weeks, I'll be making a video on the best Canadian REIT ETFs! =)

[@Wellspring604]

Should I spread out my money over multiple ETFs? How do you do it? Thanks!

[@CanadianTShirt]

That's what I do! Diversification is very important, even when it comes to selecting ETFs. Sure you might have some overlap between ETFs but that's fine! I try to keep most of my ETFs fairly evenly balanced =)

[@aminetalbi3916]

what kind of account do you suggest for us stocks if I understand its gonna be TFSA ?

[@CanadianTShirt]

If it's US growth stocks, then the TFSA is fine because capital gains are 100% tax free. But if those US stocks pay a dividend, I'd suggest the RRSP to be tax-sheltered. US Dividends will be charged a 15% withholding tax, even in a TFSA. But these withholding taxes are waived in an RRSP! I talk about this in detail in my TFSA MISTAKES video here =) kzbin.info/www/bejne/qWXGc5yYgaaHhbc

[@romeocharlie1]

I notice the wording that US stocks outside of an RRSP will get the 15% withholding tax 'on all US dividends'. Does the withholding tax apply to capital gains as well? If not, then I suppose it would be OK to have US growth stocks (no dividends) in a non registered account? If course, I'd still pay tax, but I would dodge the withholding tax since it would only apply to dividends?

[@CanadianTShirt]

The withholding tax ONLY applies to US DIVIDENDS NOT capital gains! Capital gains are always 100% tax free in a TFSA or RRSP, whether they are Canadian or US. And yes, US growth stocks are safe in a non-registered, they will be taxed as capital gains which is the most tax-efficient form of income! =)

[@djolly50]

Hi I thought I was investing in the Vanguard VOO for Cdns I purchased it through Questrade but as the US version under my TFSA which I am now finding out was also a mistake as there will be 15% withholding tax. Should I open a RRSP account and move it over or just leave it as is? Isn't 15% going to wipe out any gain I might make ? Thanks

[@CanadianTShirt]

I wouldn't worry about it too much since VOO doesn't pay much of a dividend so losing 15% of a small dividend is a tiny amount! If it was an ETF on this list with a much higher yield, then definitely transfer it into an RRSP =)

[@CanadianTShirt]

Remember that 15% withholding tax ONLY applies to the dividends! Most of the profits you'll make from VOO will be capital gains which are 100% tax free in a TFSA =)

[@djolly50]

Thanks for replying. Just in case I was thinking about transferring it to the RRSP..as in some shows you said it was better to hold it in the RRSP. How would I go about this? Would I lose more money by transferring. Sorry very new to all this.

[@tt1t88]

BEST Renewable energy ETFs, STOCKS ... please do an episode.

[@CanadianTShirt]

You got it! That video is definitely coming! =)

[@Minh_Hoang420]

Hi Adrian, from you I have learned that I should have US ETFs in my Canadian RRSP. But what I have is an LIRA account, would I treat it as an RRSP and buy US ETFs? Or as a TFSA and buy Canadian ETFs? Many thanks!

[@geraldineb.9204]

Hello, Adrian, sorry, this is out of the topic inquiry. Just a quick question, as a small ytuber, how do I get that Foreign tax identification number in line 6 of W-8BEN form? I called the CRA and they are as clueless. Are they asking for our SIN? I am not comfortable giving it, unless that's what they really required from us. Thanks for your help! I really appreciate your time😁

[@CanadianTShirt]

Hey Gerladine! You mean for the W-8BEN form from KZbin with their new policy? Ya when I filled mine out a few weeks ago, I gave them my SIN as my foreign tax ID number. I wasn't thrilled with this new policy but at least for me, I don't have too many US viewers so I don't really have to worry about those new US taxes and with our tax treaties, we should be able to avoid those US taxes as long as you fill in those W-8BEN forms =)

[@geraldineb.9204]

Awesome! Thank you Adrian, I will do the same😁

[@nich9148]

Hi Adrian I'm new to investing and have very low income. I was wondering if a TFSA would be a better option for me to buy ETFs in if I only want to hold them for up to one year

[@CanadianTShirt]

Why only one year? If you NEED this money in less than 2 years, I would not recommend investing in the stock market. It can be far too unpredictable in such a short time span and you could lose money

[@CanadianTShirt]

If you have a one year time horizon, I would suggest either a GIC or a high interest savings account (EQ bank is my favourite, see my link below) click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.5&type=3&subid=0

[@jashanjotkailay]

Excellent video as always..!

[@CanadianTShirt]

Thank you! I really appreciate that! =)

[@stormtrop4]

Thanks for the ETF recommendations!

[@CanadianTShirt]

You got it buddy! I hope they help you build long term wealth! 😁

[@gabrielespino3456]

Whatupp adrian. Appreciate the info ✌️

[@CanadianTShirt]

Hey Gabriel! I'm glad you found the video valuable! =)

[@ilikemoomoo]

Hey man. Quick question. For day trading in a margin account on Questrade would we be taxed on our capital gains only or would day trading be taxed as normal income?

[@CanadianTShirt]

I don't partake in or recommend day trading, especially for beginners since it can be incredibly risky! If the CRA considers that you are day trading, then it will be taxed as business income and you can claim business expenses. If you're actually investing and not buying and selling stocks everyday, then you will be paying the regular capital gains tax on your profits. I hope that helps! =)

[@motivateme9997]

Awesome one 😎

[@CanadianTShirt]

Thanks buddy! I'm glad you found it helpful! =)

[@byoken]

What's your opinion on QYLD? Does the 15% tax appear as a separate transaction with Questrade?

[@CanadianTShirt]

If you go to your Account Activity, you should see your dividends received and you should also see the withholding taxes immediately after as a separate transaction. I've never actually paid any withholding taxes in Questrade since all of my US dividends are held in my RRSP so I can't confirm. Some brokers will have two separate transactions, some will just have one transaction: a dividend worth only 85% of it's expected value =)

[@jayemramiro]

Would you be able to do best international ETF for dividends. I would like to know your opinion on investing in international market as well or if it's a good strategy for diversification

[@CanadianTShirt]

You bet John! I will be talking more about international investing in the future! =)

[@ade0gunleye]

Hi Adrian, thanks for your videos. I’m a new investor here in Canada, just starting out. I already made the mistake of buying VTI on my TFSA with Questrade and noticed the WHT when I got the first dividend. Guess I’ll have to live with it for now, right?

[@CanadianTShirt]

That's not a huge mistake! I wouldn't worry about it! VTI is great for capital gains but it barely pays any dividends. You can absolutely hold it in your RRSP to be 100% tax free, or you can hold it in your TFSA to have the tax-free capital gains. In a TFSA, you will be paying that 15% withholding tax on those dividends but 15% on a tiny 1.5% dividend will barely be noticeable! =)

[@CanadianTShirt]

For US stocks and ETFs with a larger dividend, I would suggest transferring them over to an RRSP. But something like VTI is fine in a TFSA =)

[@CanadianTShirt]

If you want to transfer stocks and funds between your TFSA and RRSP. Click on the top right tab: Requests and select Transfer Investments. Note that this will count as a TFSA withdrawal and an RRSP contribution so make sure you have available room =)

[@ade0gunleye]

@@CanadianTShirt thanks for the tips. Please keep up the good work, it’s making a huge difference. God bless.

[@rustyglen7708]

Hey Adrian, thanks for the excellent video! I know you mentioned it is recommended that we should only invest in US ETFs in our RRSP accounts to avoid taxes. My current workplace offers a great group RRSP plan, with company RRSP matching and comes with a portfolio with low MER fees, so I'm trying to max my contributions there instead of a personal RRSP. I also am currently using WS for my TFSA so I am noticing the 15% withholding tax on my dividends. Knowing this, would you recommend I switch my TFSA in WS to QT or some other broker? Also, would you recommend to just invest in US ETFs in a non-tax sheltered account or do something else based on my situation? Thank you so much!

[@CanadianTShirt]

You should DEFINITELY take advantage of the RRSP matching since that is a guaranteed 100% return of your investment but most likely, that RRSP matching will max out at a certain point (usually around 5% of your paycheck) Once you've maxed out the RRSP matching, most RRSP plans just aren't worth it... they're basically mutual funds with slightly lower fees but it's your call! I usually suggest to max out the RRSP matching and then the rest of your RRSP should be in a self-directed RRSP Questrade account to be fully in control and minimize fees =)

[@CanadianTShirt]

And yes if you have US Dividends in your TFSA and if you still have RRSP room, it might be worthwhile to move those over to an RRSP to avoid those withholding taxes. I'm literally working on a video right now on that topic, should be out this weekend! If you have US stocks in WealthSimple, it will cost you a ton in the long run in conversion fees so I would suggest transferring them over to Questrade instead. WS is GREAT for Canadian investments but NOT for US investments. Check out this tutorial to see how to transfer them to Questrade for free =) kzbin.info/www/bejne/eJeUq6icg9GEic0

[@rustyglen7708]

@@CanadianTShirt Thank you for the response Adrian! Sounds good, my company is offering a really generous 45% RRSP matching of whatever amount I contribute, as long as you are within that 18% of gross income or the max limit for the year! So in every paycheck I'm currently just putting in a fixed amount of my own income (eg. $100) + the 45% matching ($45) to reach the contribution limit in my company RSP plan and so I'm not doing any RSP contributions outside of it right now to avoid going over. That said, it definitely shouldn't hurt to have my own RRSP account in QT as long as I don't go past my contribution room for the year!

[@rustyglen7708]

@@CanadianTShirt Thanks for the tutorial and looking forward to your new video! Will definitely look into transferring my TFSA into QT down the line then. I was not aware of the withholding tax when I first started with WS, so I had to research what it was and this is what the WS site tells you about those taxes and why they appear. help.wealthsimple.com/hc/en-ca/articles/360056584994 In that case, do you recommend I should see if I can transfer my WS TFSA to QT first, then try to sell the US investments in QT that were in my WS portfolio to just focus on CDN stocks? thanks again!

[@brandoni3326]

Hi Adrian, I am just about to purchase SPYD, and I would like to make sure I invest enough to qualify for the DRIP. However; I have tried watching your "What is a DRIP?" video, and unfortunately I am having difficulty following the directions on how to calculate the DRIP requirement. I would just use the amount you provided in this video; however, the price has changed since the making of the video, and I want to make sure I have an accurate calculation. Can you please demonstrate how I would calculate the SPYD drip amount at today's price? Thanks!!

[@CanadianTShirt]

The DRIP calculation can get trickier with ETFs since as I mentioned in this video, some ETFs will NOT have consistent dividends, they will change month to month.... But let's do a quick example to show how it works: SPYD share price: $41.70 Dividend per share: $0.636 / month (for this current month) A DRIP goes through when the dividend exceeds the share price so how many shares will we need? # of Shares for DRIP = $41.70 / $0.636 = 66 shares (rounded up) Each share today costs $41.70 so 66 shares will cost us: DRIP Amount = 66 x $41.70 = $2752 But again, SPYD is one of those ETFs which changes its dividend every month, so the calculation above ONLY works assuming they will pay the same $0.636 every month. In my video, I used the TTM yield to give a more reasonable "average" estimate. I hope that helps! =)

[@brandoni3326]

@@CanadianTShirt Thank you!

[@naimkeikati8221]

hi Adrian. Thank you for the video. I watched this just recently. How do I know if I am qualified for DRIP, since prices of share changes ? and If I am using Questrade, do I need to send them a request ?

[@CanadianTShirt]

Make sure you check out my DRIP Explained video where I answer both of these questions! kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

Yes you will need to fill out a DRIP Request form as seen in the video above and in my DRIP calculations I inflate the share price to ensure that my DRIP will go through even if the share prices changes! =)

[@luisdemetrio3053]

Thanks for the video. What happen with US dividend ETFs listed in TSX? For example ZDY. I was reading the fact sheet and there is nothing mentioning about the 15% Tax if you hold your TFSA?! 🤔

[@CanadianTShirt]

Unfortunately, ZDY will still be charged that withholding tax on those dividends! Even though it's a Canadian ETF, those dividends come from US dividends and thus will be charged the 15% withholding tax, even in a TFSA! The only way to avoid this withholding tax is to hold a USD version of that ETF and hold it in your RRSP =)

[@CanadianTShirt]

I'll be making a whole video on withholding taxes since they can get quite confusing when dealing with international ETFs and other currencies =)

[@luisdemetrio3053]

@@CanadianTShirt I agree, however you can see the dividend paid and received by an US ETF listed in the NYSE if you are holding it in a TFSA, but for the TSX the dividend paid and received are the same. Where can I see the 15% withholding taxes in this case? It is not quite clear....

[@foolishcreations2259]

Best practice if your Canadian is to hold your US dividend stocks in you RRSP so their is not %15 withholding tax on dividends correct?

[@CanadianTShirt]

You got it! Holding high yield US dividend stocks and dividend ETFs in an RRSP will avoid this 15% withholding tax. Canadian dividend stocks and ETFs are totally safe in a TFSA =)

[@user-lh2xn5iy2p]

I'm actually binging the channel but i wonder why i don't see any vanguard etf? I know the 15% withhold tax is shadowing the investement but some of them have over 10% ytd years after years. Why not then? Thanks

[@CanadianTShirt]

I'm a huge fan of Vanguard ETFs! Some of my favourite US ETFs are Vanguard like VOO and VTI but for dividend focused ETFs, the ones in this video are my favourite =)

[@CanadianTShirt]

But on the Canadian side, many of my favourite dividend ETFs are Vanguard like VRE and VDY. Check out this video here for my Canadian dividend ETFs! =) kzbin.info/www/bejne/a5TVoWinmracpMk

[@user-lh2xn5iy2p]

@@CanadianTShirt thanks for that quick awnser! I will for sure look at this! Like all the rest btw. I'm just a bit confuse about the "best ways" or "rule of thumbs" to make a portfolio from all of these different style of etf. Will take some more time on your channel and maybe even get premium

[@bobfabian4972]

I am a newbie to Questrade. You keep mentioning to keep US dividend stocks in an RRSP but I am retired and invest through my LIF from which I get a monthly income. Is buying these US stocks the same for me in my LIF as an RRSP. You might want to consider a video for LIF, RIF and LRIF holders.

[@CanadianTShirt]

Absolutely! All of the registered retirement accounts in Canada like the RRSP, RRIF and LIRA will waive the US withholding taxes on US dividends! =)

[@SathyaNarayananThulasiRaman]

Is it a good idea to invest in the iShares light path target date funds for RRSP?

[@maryjosilva1548]

Wondering if you had any advice on where to open a custodial account for grandchildren in Canada? Questrade tells me I would need to get a lawyer to do it.

[@carlohumbertobalbis3944]

Is it ok if in questrade I keep my America dividend etf in my tfsa or is better in my tfsa ?

[@CanadianTShirt]

You should hold US dividend stocks and ETFs in your RRSP to keep it tax free! If you hold it in a TFSA, those dividends will be charged a 15% withholding tax by the US government! I talk about this in my TFSA Mistakes video =) kzbin.info/www/bejne/qWXGc5yYgaaHhbc

[@TheSimpsoys]

You don't pay commission fees for ETFs when you buy them, but you do when you sell. Nice to know, even if it's not a big deal since they have low commission fees anyway.

[@CanadianTShirt]

Exactly! You'll definitely be BUYING a LOT more than you're selling and when you do actually sell, it will probably be a large sale all at once so those commissions fees will be negligible =)

[@Rob-ob3sh]

Hello Adrian. Would you add any other ETFs to your RRSP or do you think these 3 dividend ETFs are enough ? I have all 3 Thanks Rob

[@CanadianTShirt]

Oh I certainly have more than just these 3 ETFs in my RRSP! Everyone should have an S&P 500 ETF for the US market (not just dividends) my favourite is VOO

[@CanadianTShirt]

I also have other dividend focused or even real estate focused US ETFs! If you want to see all of my stocks and ETFs that I hold for free, follow me on the Blossom social app! =) blossomsocialapp.page.link/canadiantshirt

[@Rob-ob3sh]

Oh thanks. I’m only around 10,000 in this RRSP that I started 7 months ago but you think adding a 4th ETF at this point would be fine or should I wait until I build it up more? Thanks Adrian.

[@CanadianTShirt]

Absolutely you can add another one! Diversification is always a good thing, regardless of how much money you have =)

[@lesherosdudimanche]

Another great video, thanks!!

[@CanadianTShirt]

Thank you Alexandre! I'm glad you found it helpful! =)

[@Mrjess21]

Thank you Adrian, awesome video. Can you share how to invest with Vanguard?

[@CanadianTShirt]

Well Vanguard is just a provider of dozens of ETFs. In fact, they actually invented the very first ETF. So just go through their available ETFs and find the one which works for you! =)

[@Mrjess21]

@@CanadianTShirt On Vanguard website it says in Canada I can invest only with help of third part - financial advisors or need open brokerage account. I don't know how to do both :)

[@CanadianTShirt]

@@Mrjess21 Oh I see, you were talking about using the Vanguard investing platform. You don't need that! Instead, just invest in Vanguard ETFs through any broker like Questrade. Check out my favourite Canadian ETFs, you'll see a bunch of Vanguard ones! kzbin.info/www/bejne/nonVf2h7i6ijbrs

[@CanadianTShirt]

@@Mrjess21 any ETF starting with the letter V is a vanguard ETF =)

[@Mrjess21]

@@CanadianTShirt thanks

[@slautensach4720]

could you do a video on Index funds vs. ETF, please ; also ethical investment funds for Canadian investors, do they even exist?

[@CanadianTShirt]

Absolutely! I get this question all the time but the short answer is that an index fund is any fund which tracks an index and thus is passively managed. So an index fund could be a Mutual Fund or an ETF. Usually, when people use the term index fund, they are referring to a mutual fund and thus it will have a higher management fee than an equivalent ETF. I don't like using the term index fund since it confuses people. I prefer to specify it as an ETF which tracks an index =)

[@luismorillo9944]

Hi, would you please make a video about the Best growing US ETF

[@CanadianTShirt]

You got it Luis! I'll definitely be making several videos on growth ETFs =)

[@thisisnotrandomkind]

@@CanadianTShirt Yes please! Would love a Canadian growth ETFs vid! I'm trying to decide between growth ETFs right now (hopefully ones I can even snag DRIPs in with what I have!) - Your videos are the best Canadian finance vids out there, thanks for doing what you do!