Find stable retirement income in US dollars

February 28, 2022

For thousands of Canadians, living a dream retirement means time in the sun, escaping Canadian winters on a piece of sun-soaked property in states like Florida or Arizona. While the snowbird lifestyle is certainly appealing, drawing income that you can spend Stateside can add challenges and headaches to what should be a simple time. The consistent income provided by Harvest’s suite of equity income ETFs is already helping thousands of Canadian investors live those dreams through a mechanism designed for snowbirds.

That mechanism is the “U” units of our equity income ETFs. These are Canadian-listed versions of Harvest’s monthly income paying ETFs that are US dollar denominated. That means they pay income in USD, avoiding expensive currency conversions, but because they’re Canadian listed they are not subject to US estate tax in the way an American holding might be. These ETFs are still RRSP, RRIF, and TFSA eligible, but they offer significant advantages for anyone spending long periods of time south of the border.

These five ETFs offer a “U” units, generating steady income through Harvest’s covered call strategy and pay monthly income in US dollars.

The Harvest Healthcare Leaders Income ETF (HHL.U : TSX)

The largest healthcare ETF in Canada, HHL captures some of the healthcare sector’s largest players and innovation drivers. The ETF has consistently paid monthly tax efficient income is US dollars and offers growth potential with exposure to a sector with serious long-term demand dynamics, driven by global demographic and economic shifts.

The Harvest Brand Leaders Plus ETF (HBF.U : TSX)

This ETF holds a basket of 20 truly massive global brands. Companies with dominant market shares, global revenues, and growth prospects in any market cycle. We trust and buy brands like Apple, Nike, and Microsoft, and through HBF.U. investors can generate US income from those brands and the ETF recently increased the amount of that monthly distribution.

The Harvest US Bank Leaders Income ETF (HUBL.U : TSX)

The US banking sector has shown itself to be robust, competitive, and essential to the functioning of the global economy. This ETF offers exposure to that sector through a basket of 16 huge banking and financial companies while paying consistent monthly income in US dollars.

The Harvest Tech Achievers Growth & Income ETF (HTA.U : TSX)

Technology shapes everything we do and touch in our lives today and the tech sector has grown in line with its paramount place in the world. This ETF offers exposure to the growth of leaders in the tech sector.  This ETF has increased its’ monthly distribution twice in the past 18 months.

The Harvest Energy Leaders Plus Income ETF (HPF.U : TSX)

Big energy providers still play a crucial role in our day to day lives and have the scale and vision to embrace the next wave of energy, capitalizing on the complimentary growth of renewables. This ETF offers exposure to, and income from, those big players.

You can see in these five ETFs a significant investable universe that has been pointed in the direction of income generation, and offered in US dollars to provide simple income that retirees can use, whatever side of the border they find themselves on.

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