HBP S&P/TSX 60 Index ETF (HXT-T)
TSE:HXT
65.26
0.01
(0.02%) 1d
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The HBP S&P/TSX 60 Index ETF (HXT-T) has garnered mixed reviews from experts due to its unique structure of not distributing dividends. This means that any sale of the ETF would trigger a capital gain or loss, which is typically more tax-efficient than dividend income for Canadian investors. Experts appreciate the lack of distributions as it can lead to better tax efficiency, especially for those in higher tax brackets. However, they also suggest that the benefits largely depend on individual tax rates and the specific tax elections made with the CRA. Additionally, there is mention of other similar ETFs, such as the Global X series, which also focus on minimizing distributions while providing broad market exposure, enhancing their appeal in the realm of tax efficiency.
HXT-T vs. XIU-T. They have basically identical holding but one pays a dividend so has different tax treatment. He is indifferent. In a TFSA, there is no reason to not to use the XIU-T.
HBP S&P/TSX 60 Index ETF(HXT-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
HBP S&P/TSX 60 Index ETF(HXT-T) Frequently Asked Questions
What is HBP S&P/TSX 60 Index ETF stock symbol?
HBP S&P/TSX 60 Index ETF is a Canadian stock, trading under the symbol HXT-T on the Toronto Stock Exchange (HXT-CT). It is usually referred to as TSX:HXT or HXT-T
Is HBP S&P/TSX 60 Index ETF a buy or a sell?
In the last year, 3 stock analysts published opinions about HXT-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for HBP S&P/TSX 60 Index ETF.
Is HBP S&P/TSX 60 Index ETF a good investment or a top pick?
HBP S&P/TSX 60 Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for HBP S&P/TSX 60 Index ETF.
Why is HBP S&P/TSX 60 Index ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is HBP S&P/TSX 60 Index ETF worth watching?
3 stock analysts on Stockchase covered HBP S&P/TSX 60 Index ETF In the last year. It is a trending stock that is worth watching.
What is HBP S&P/TSX 60 Index ETF stock price?
On 2025-04-25, HBP S&P/TSX 60 Index ETF (HXT-T) stock closed at a price of $65.26.
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.