Why I DON'T Invest in VFV // Downsides of CAD ETFs Holding US Stocks // VFV vs VOO For Canadians

Video Description

Should I Choose VFV or VOO? What is the Best S&P 500 ETF for Canadians? What are the Downsides of VFV? Should I Invest in Canadian Dollars or US Dollars? How do Withholding Taxes work for Canadian Listed ETFs? Should I Buy Hedged ETFs? These are questions I get asked ALL THE TIME so here is my answer! VFV is one of the most popular ETFs in Canada but I do NOT invest in it! Instead, I invest in VOO, the USD version of the ETF because it is cheaper, more tax efficient and more profitable in the long run! I’ll be breaking down all of the downsides and hidden costs with VFV and any Canadian ETF that holds US stocks. I’ll also cover the best way to convert currency using Norbert’s Gambit and how currency hedged ETFs work and things to look out for! Investing in the US market is important for ALL Canadians and there are a ton of great options! This video will help you decide which one to take 🇨🇦🇺🇸 QUESTRADE REFERRAL 🇨🇦 👇 Use my referral link to get a $50 CASH BONUS when you deposit at least $250👇 https://www.questrade.com/affiliate-offer-sdi?irsharedid=Canadian%20in%20a%20T-Shirt&oaa_promo=CANADIANTSHIRT You can also manually enter my offer code: CANADIANTSHIRT (Be careful not to add a space at the end) BLOSSOM SOCIAL 🌸🇨🇦 Follow me on Blossom to see my Portfolio & Trades for FREE 👇 https://getblossom.onelink.me/SOfu/adrian Watch my BLOSSOM ANNOUNCEMENT video for details 👇 https://youtu.be/tFYP5kWXsB0 Best SAVINGS ACCOUNT in 2025 - EQ BANK 🏦 Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0 WEALTHSIMPLE TRADE REFERRAL 💰 Join Wealthsimple and get a bonus of $5 to $3,000 when you sign up with my link 👇 https://wealthsimple.com/invite/P0A-UQ LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇 https://youtube.com/c/CanadianinaTShirt/join Thank you guys for supporting my channel, you’re the best! 🙏 SKIP AHEAD ⏩ -Intro: 0:00 -S&P 500: 1:19 -Popularity - VFV vs VOO: 1:51 -VFV - Wrapper of VOO: 2:23 -Management Fees: 2:58 -Dividend Cut by 15%: 5:04 -Withholding Taxes on US Dividends: 5:32 -Why VFV? 8:09 -Currency Conversion: 8:41 -Norbert’s Gambit: 9:20 -Currency Hedging: 10:03 -Final Thoughts: 11:34 WATCH NEXT ▶️ -2023 Tax Changes in Canada - https://youtu.be/Zjfy_G1l5ok -How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8 -TFSA Mistakes - https://youtu.be/s4cBibLATOU -Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q -How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU -RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE -How to Build Wealth - https://youtu.be/L10wfYl3_Qs -RRSP Mistakes - https://youtu.be/I8k95_R_L_Q -Norbert’s Gambit - Exchange Currency for Free - https://youtu.be/LOwkArk1IuM Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =) FOLLOW ME HERE: 👋 FACEBOOK: https://www.facebook.com/CanadianTShirt INSTAGRAM: https://www.instagram.com/canadiantshirt TWITTER: https://twitter.com/CanadianShirt FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -How to Adult Money Canada Version - https://amzn.to/2F717ZT -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -Investing in Dividends - https://amzn.to/37mUnn3 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Millionaire Next Door - https://amzn.to/35ap253 -Intelligent Investor - https://amzn.to/3qoI5nV CAMERA GEAR 📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -Tripod - https://amzn.to/2Qf2Lid -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links. I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #StockMarketInvesting #ETFInvesting #Vanguard #S&P500 #VFV #VOO #RRSP #StocksToBuy #CanadianFinance