If you’re not Canadian you may want skip over this post, it’s a question targeted to those who hold ymax ETFs in their TFSA.

I’m still getting a handle on the math of it all so please bear with me. I went big on nvdy last week (80k) and got my 1.1 dividend which I have set to drip back in. But with the immediate drop in nav along with the 15% tax on the dividend it got me thinking:

Would it not be better to wait until the day after ex-dividend and just sink in the 80k then? I don’t get the dividend but I don’t pay the tax AND I get more shares all at the lower price. Then the money is made strictly on NAV recovery.

I realize this would probably be a disaster on some ETFs where nav is not recovering but on those with relatively stable nav’s it might make sense. Any thoughts?