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A foreign ETF in a TFSA

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KKKK
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A foreign ETF in a TFSA

Hi, Is anyone able to explain to me how the tax for a foreign ETF (eg. DBXEU) in your TFSA account works.

I thought the taxes should not matter but it gets treated differently for foreign ETFs. Anyone have a link or info where I can read about it?

Thanks

 

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Dineo_T
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Re: A foreign ETF in a TFSA

The taxes are foreign tax. Local tax is not deducted in a TFIA but you still have to pay foreign tax. You can read an article written by @SimonPB on the tax-fee matter. Pay attention to the second-last paragraph: http://www.fin24.com/Finweek/Investment/no-the-etf-owners-are-not-ripping-you-off-20170803 

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KKKK
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Re: A foreign ETF in a TFSA

thanks

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