I have a few questions about XIC and XAW. I plan to invest 33.33% in XIC and 66.66% in XAW for the long-term solely in a TFSA. I have a few questions if anyone can help.
1. I've read that it's not recommended to put XAW in a TFSA due to the withholding tax. I haven't used any of my TFSA room as of yet though. Does that mean I should seperate the ETFs?
2. How does the withholding tax get paid? Is it automatically deducted from XAW when it's in my TFSA? Do I have file anything in terms of taxes?
3. If there's a withholding tax on XAW, what's the true MER % then?
4. Should I be adding anything else to the portfolio or is this diversified enough?
Thanks for all of your help.