Horizons Equal Weight Canada Banks Index ETF (HEWB-T)
TSE:HEWB
37.21
0.11
(0.29%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 2 opinions in the last 12 months.
The Horizons Equal Weight Canada Banks Index ETF (HEWB-T) possesses unique tax implications for investors. Experts highlight that this ETF does not pay any distributions, leading to sales triggering capital gains or losses rather than dividend income, depending on the tax election made with the CRA. This structure results in greater tax efficiency as capital gains are generally taxed more favorably than dividend income—particularly for investments yielding dividends from foreign companies. Notably, the corporate class structure allows for passive compounding of returns, enhancing growth potential with less tax liability. However, the actual benefit of this tax efficiency can vary significantly based on individual tax brackets, becoming more advantageous for those in higher tax brackets. Investors may also consider the Global X series of corporate class ETFs for similar benefits but should weigh the potential costs associated with these structures.
Is corporate class, so you don't get the dividends, but instead are compounded back into the unit value.
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.
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.
- «
- ‹
- 1
- ›
- »
Horizons Equal Weight Canada Banks Index ETF(HEWB-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Horizons Equal Weight Canada Banks Index ETF(HEWB-T) Frequently Asked Questions
What is Horizons Equal Weight Canada Banks Index ETF stock symbol?
Horizons Equal Weight Canada Banks Index ETF is a Canadian stock, trading under the symbol HEWB-T on the Toronto Stock Exchange (HEWB-CT). It is usually referred to as TSX:HEWB or HEWB-T
Is Horizons Equal Weight Canada Banks Index ETF a buy or a sell?
In the last year, 1 stock analyst published opinions about HEWB-T. 1 analyst 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 Horizons Equal Weight Canada Banks Index ETF.
Is Horizons Equal Weight Canada Banks Index ETF a good investment or a top pick?
Horizons Equal Weight Canada Banks Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons Equal Weight Canada Banks Index ETF.
Why is Horizons Equal Weight Canada Banks 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 Horizons Equal Weight Canada Banks Index ETF worth watching?
1 stock analyst on Stockchase covered Horizons Equal Weight Canada Banks Index ETF In the last year. It is a trending stock that is worth watching.
What is Horizons Equal Weight Canada Banks Index ETF stock price?
On 2025-03-18, Horizons Equal Weight Canada Banks Index ETF (HEWB-T) stock closed at a price of $37.21.
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.