I am considering breaking down my XEQT a little since my tax-free accounts are maxed out, with my non-registered account being the lion's share of my portfolio right now. I was thinking of putting the ITOT portion of XEQT in RRSP, since it's the only account not subject to the US dividend withholding tax, while XIC will be best in non-registered, since it's the only underlying fund that can leverage canadian dividend tax relief. Of course the goal will be to match the weightings of XEQT across my entire portfolio.
Rebalancing will be easy enough, especially if I turn off dividend reinvesting. I can rebalance by adding, rather than exchanging.
Thoughts? 🤔