Larry Berman CFA, CMT, CTA Horizons Equal Weight Canada Banks Index ETF HEWB-T DON'T BUY May 09, 2022

Disclosure: He works for Horizons. This is an equal-weight bank ETF. Banks are entering seasonality. Market softness could benefit the banks, and definitely when rates tick down. The market will likely trade sideways then rise gradually, but this will benefit the banks.

Bank stocks had bottomed in Oct 23' which made for a good buy. Relief in interest rates good for bank stocks. Strong earnings also good for stock performance. Recent share pullback good time to buy. 

Is corporate class, so you don't get the dividends, but instead are compounded back into the unit value.

Any sale triggers either a capital loss or gain. It depends on the election you made with CRA on your exact tax treatment. Capital gains are the most efficient tax treatment. 
 
Benefit of CRA and dividends only comes from Canadian companies. So, even if you have an ETF that pays a distribution that comes from European or American companies, that dividend is treated as income even though it comes through a Canadian ETF.

He very much likes the Global X series of corporate class ETFs. They give you broad exposure to markets but don't have those distributions, so they're a bit more tax-efficient. Now, there are some additional costs in there to create those structures. As well, it really depends on your tax rate whether they're a really big benefit to an individual. More benefit to those in higher tax brackets than in lower ones.