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  • Toronto, Ontario M5E 1C5

Easier than ACB

By Justin Bender · May 8, 2017 - 0 comments

It’s been four years since we released our white paper, As Easy as ACB. The paper provided investors with step-by-step instructions on how to track the book value of their ETFs, using the free online resource, Adjusted Cost Base.ca.  We were the first to admit that the title of our paper was misleading – tracking your ACB is about as easy as reciting the alphabet backwards.

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Norbert’s Gambit at CIBC Investor’s Edge

By Justin Bender · April 25, 2017 - 0 comments

CIBC Investor’s Edge is the latest brokerage to offer US dollar RRSP accounts. This is good news for cost-conscious ETF investors, as it allows them to save even more money each year by holding US-listed foreign equity ETFs in their RRSP accounts. Opting for this ETF structure in an RRSP account can generally save investors about 0.30% per year in product fees and foreign withholding taxes.

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Norbert’s Gambit at TD Direct Investing

By Justin Bender · March 6, 2017 - 6 comments

US-listed ETFS are the most tax-efficient way to invest in foreign equities within your RRSP account.  The funds also tend to have lower annual fees than Canadian-listed ETFs.  However, they must be bought and sold in US dollars, and if you have to exchange your Canadian dollars for greenbacks, it can be extremely costly.  Many discount brokerages charge about 1.5% – or a whopping $150 on a $10,000 conversion.  If you’re going to use US-listed ETFs, you need to find a way to mitigate these high costs.

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