Mike PhilbrickHorizons CDN Select Universe Bond ETFHBB.TOPAST TOP PICKJan 26, 2024

You have to do a breakeven analysis. The cost of this ETF and getting that tax efficiency is around 40 bps a year. If your total return in the ETF is (on an after-tax basis) better than 40 bps a year, then it makes more sense to use it (compared to one that doesn't give you that tax efficiency). It also depends on the tax bracket you're in.

Because this ETF is within Horizons corporate class, there are no distributions. This gives you better compounding, and your total return is by way of capital gains when you sell. Great for fixed income.

Unlike XBB-T, this is a corporate swap bond ETF, but doesn't pay a dividend, so it's good a registered account.