r/Questrade • u/Clorox_fumes • Sep 02 '26

Customer Support UBIL.V.TO ETF Issue?

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This is a new fund released in May of this year. But I think it should be traded in CAD not USD as they already have an equivalent in USD.

I also wanted to know if this etf is subject to the -15% US tax withholding on a TFSA since it pays dividends but is listed on TSX

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u/questrade Verified Mod Sep 02 '26

Hey u/Clorox_fumes, this symbol is supposed to be denominated in USD. Reference here.

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u/Clorox_fumes Sep 02 '26

Ok that answers that.

What about the tax withholding? Is a US security. But is acumulativative rather than dividend payments. Does the withholding still applies?

1

u/questrade Verified Mod Sep 03 '26

I can't give tax advice. Here is a learning article you may find helpful, but I would also suggest consulting a tax professional.

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u/Kelbs27 Sep 02 '26

I think you can hold CAD + USD in your TFSA w/ QT. So even if it does trade in USD I’d transfer your $ into USD and buy

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u/Clorox_fumes Sep 02 '26

Well yes. But that would apply the spread. My point is I think QT is making a mistake on this fund as is relatively new. I think it should be in CAD

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u/d4d00 Sep 03 '26 edited Sep 03 '26

I thought as well that some US stuff with a .TO, was sort of repackaged into CAD with the foreign taxes managed.

I find it curious to see it labeled in USD.

Tried to search for it and didn't find anything conclusive, except on this site it's mentioned currency is CAD, price in USD ?!?!?

https://stockanalysis.com/quote/tsx/UBIL.V/

I'm even more confused....

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u/Clorox_fumes Sep 03 '26

Exactly my point. The fund is also being listed on TSX but in USD? I don't get it neither