Why wouldn't they, if they're listed?
At least for me, I have owned TQQQ/SOXL and sadly UVXY in my USD RRSP (and regular account) no problem
At least for me, I have owned TQQQ/SOXL and sadly UVXY in my USD RRSP (and regular account) no problem
RRSP - Qualified Investments - Leveraged ETFs?
Hi,
I'm trying to figure out whether leveraged-ETFs and/or inverse leveraged ETFs are qualified (allowable) investments in an RRSP.
I've been reviewing the CRA documentation on this, and it seems like they are allowed, since they are listed securities. However, since they are derivatives (or based on derivatives), it seems like they may be in a gray area.
(And yes, I realized that leverages ETFs can be risky and should not be held for long periods of time....)
Any thoughts?
Cheers.
I'm trying to figure out whether leveraged-ETFs and/or inverse leveraged ETFs are qualified (allowable) investments in an RRSP.
I've been reviewing the CRA documentation on this, and it seems like they are allowed, since they are listed securities. However, since they are derivatives (or based on derivatives), it seems like they may be in a gray area.
(And yes, I realized that leverages ETFs can be risky and should not be held for long periods of time....)
Any thoughts?
Cheers.
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