Best ETF for my rrsp

For your RRSP, the best ETF would be one that offers a combination of low expense ratio, tax transparency, and minimal tracking error. However, no ETFs currently meet all these criteria. Here are some alternatives that come close:

1. Invesco S&P 500 Equal Weight ETF (RSP):
   • This ETF has a low expense ratio of 0.20%.
   • It is tax transparent, as it aims to match the performance of the S&P 500 Equal Weight Index.
   • RSP minimizes tracking error by equally weighting the stocks in the S&P 500 Index.
   • It has a strong performance record and has seen record inflows in 2023.

2. Bank of Nova Scotia (BNS) and Telus (T) for Canadian Dividend Stocks:
   • These are top Canadian dividend stocks that could be considered for an RRSP portfolio.
   • They offer attractive dividend yields and are part of a diversified RRSP investment strategy.
   • They have a proven track record and are well-positioned to provide stable returns over the long term.

In conclusion, the Invesco S&P 500 Equal Weight ETF (RSP) is a strong candidate for your RRSP due to its low expense ratio, tax transparency, and minimal tracking error. Additionally, considering a diversified portfolio that includes Canadian dividend stocks like Bank of Nova Scotia (BNS) and Telus (T) can help optimize your RRSP investments.