Thoughts about investing SCHD in TFSA.
Hi everyone, I’m a 30M investor and I’m currently putting 80% of my portfolio into XEQT and 20% into SCHD.
Is it better to hold SCHD in my TFSA, or would you recommend moving it to my RRSP? Would love to hear your thoughts on the tax implications!
I'm aware of the 15% withholding tax on dividends in a TFSA, but I’m wondering if the simplicity of the TFSA outweighs the tax benefit of the RRSP for my long-term strategy
u/No_Amount_69 — 1 day ago