RESP & 8621 questions
Moderator: Mark T Serbinski CA CPA
rlb, That MER difference is a good point - but if you're stuck paying PFIC tax on it EWC could be a much better deal.
Another difference, XIU has 60 holdings EWC as ~90 - but the top 10 holdings are within fractions of a percent of each other.
With EWC, you get qualified dividends and long term capital gain treatment if you hold it long enough.
Another difference, XIU has 60 holdings EWC as ~90 - but the top 10 holdings are within fractions of a percent of each other.
With EWC, you get qualified dividends and long term capital gain treatment if you hold it long enough.
I'm still doing a lot of reading/research into this. I have 'newbie' question on definitions:
- distribution - income (dividend, interest, etc.) provided by the mutual fund
- disposition - I assume this in reference when funds are sold - correct?
How are unrealized gains in the FMV of the mutual fund described or referenced in the literature?
I think I understand how it works once a M2M election has been made. I'm still at a loss for how to treat the PFIC for the first year in making that election.
- distribution - income (dividend, interest, etc.) provided by the mutual fund
- disposition - I assume this in reference when funds are sold - correct?
How are unrealized gains in the FMV of the mutual fund described or referenced in the literature?
I think I understand how it works once a M2M election has been made. I'm still at a loss for how to treat the PFIC for the first year in making that election.