How Taxes Can Affect ETF Performance
In our recent white paper, After-Tax Returns, Justin Bender and I introduced a methodology for measuring the effect of income taxes on ETF returns. Justin also created a downloadable spreadsheet you c [...]
After-Tax Returns on Canadian ETFs
When you invest in a non-registered account, you need to be concerned about more than just your funds’ performance: you also need to know how much of your return will be eaten up by taxes. Unfortunate [...]
Is It Time for Tax Loss Selling?
Last October, Justin Bender and I published a white paper on tax loss selling with ETFs. It explained how index investors can harvest capital losses while maintaining a consistent exposure to the equi [...]
Foreign Withholding Taxes in International Equity ETFs
It seems Canadian ETF providers are paying more attention to foreign withholding taxes these days. Not so long ago, you rarely heard anyone discussing this hidden drag on returns. But last month Black [...]
Managing Multiple Family Accounts
Model portfolios like those I recommend are ideal for investors who have a single RRSP account. But life isn't so simple once you've accumulated a significant portfolio: chances are you'll be managing [...]
Calculating Adjusted Cost Base: A Case Study
If you’ve read our ironically titled white paper, As Easy as ACB, you understand how complex it can be to track the adjusted cost base of ETFs. You need to account for all purchases and sales of share [...]
Rebalancing With Cash Flows
With stocks continuing to enjoy a roaring bull market, rebalancing is on the minds of many investors—or at least it should be. Disciplined investing starts with choosing long-term targets for the asse [...]
US Investors in Canada: What to Watch For
Index investors in the US have always had it easier than Canadians, thanks to lower costs and more choices. Unfortunately, if those investors move to Canada, their plight becomes much more difficult. [...]
A Trove of Tax Tips for Canadian Investors
If your long-term savings are all in RRSPs and TFSAs, consider yourself lucky. Using tax-sheltered accounts is easy compared with the plight of investors who are saving in non-registered accounts. Fro [...]
A Tax-Friendly Bond ETF on the Horizon
Bonds should be part of just about every portfolio, but if you have to hold them in a non-registered account the tax consequences can be onerous. Fortunately, Canada’s ETF providers are taking steps t [...]
