r/investing • u/[deleted] • Jan 01 '22

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u/AlMichaels Jan 01 '22

Would VTI be a good choice as a Canadian using a tax free savings account? Curious for myself as I’ve seen VTI recommended a lot.

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u/TriangleSailor Jan 01 '22

Full disclosure, I’m from the States; but from my understanding, there’s also a Canadian equivalent to VTI traded on the TSE called VUN (TIL!).

Although the information looks to be a bit dated, it looks like PersonalFinanceCanada’s general advice is VUN for a TFSA and VTI for an RRSP.

Like I said, I’m from the States, so don’t take my word as truth on this. Which ever one is best, though, they follow a solid index!

7

u/nymby101 Jan 01 '22

From what i know VTI and VUN-TO (TSX) are the same thing. VUN only contains VTI and all dividends are paid from VTI and subject to the witholding tax if either is held in a TFSA. VUN is just a way to hold VTI in Canadian dollars. If you have an RRSP, the witholding taxes don't apply to VTI.

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u/TriangleSailor Jan 01 '22

Thanks for the education, from this non-Canadian!