Not registered. Not advice. DecodeETF is an information service. We are not registered as an adviser, dealer, or investment fund manager with the Ontario Securities Commission or any Canadian provincial regulator. Nothing on this site is a recommendation, solicitation, or offer to buy or sell any security. Past performance is not indicative of future results, and all investing carries risk including the loss of principal. Speak with a registered financial professional before making investment decisions.
RBC iShares
About 1.3% recurring income; over the last 3 years capital was roughly flat (3%/yr).
Payout over time
Fund health
Where the 3-year return came from
The unit price grew 3.2% a year over this window while distributions added 1.6%: the income came on top of capital growth, not out of it.
3-year annualized, on a shared scale: bars left of the line are negative. Capital appreciation is the fund's own unit-price change; income return is the contribution from distributions being reinvested. The two combine (multiplicatively) to the total return.
Risk and resilience
Dividend growth
The fund's recurring dividend income per unit, year by year, stripped of return of capital and capital gains. This tracks whether the actual dividend stream is rising, which the headline yield can't show on its own, since a yield can be held up by return of capital or one-off capital gains.
How it's taxed
The CRA taxes each distribution dollar by its character. These shares are measured against the full taxable distribution, including any portion the fund reinvested as units rather than paying in cash.
| Character | % of taxable | $ / unit |
|---|---|---|
| Eligible dividends | 3% | $0.1102 |
| Foreign income | 39% | $1.6413 |
| Capital gains | 58% | $2.4168 |
Foreign withholding tax already taken inside the fund: $0.2462 per unit. In a non-registered account, foreign tax reported on the T3 may be claimable as a foreign tax credit, subject to T2209 limits. TFSA and RRSP accounts do not claim that T3 credit.
per unit was reinvested as additional units rather than paid in cash. It is still part of the taxable distribution above, so it is taxed in 2025 even though no cash reached your account, and it appears on your T3 with no matching deposit.
Recent dividend activity in holdings
What Premium adds
Next steps
Prices as of 2026-07-27. Distributions as of 2026-07-28. Tax character year 2025.
We break down what Canadian ETF investors need to know. Free. No account needed. Unsubscribe anytime.
The cash distribution was reduced in 7 calendar years since 2008.
Whether the distribution is rising year over year is the Dividend growth section below.
What you own
The top 3 sectors shown are 98% of the fund; Consumer Staples is the largest at 45%.
Coverage 3.6×: The fund paid a 1.3% distribution rate against a 4.8% a year total return; the total return was at least the current distribution rate over this window.
Based on RBC iShares's 2025 T3 / tax-factor filing. Character can vary year to year. This is not tax advice; consult a tax professional about your situation.
Character mix by year
What you keep, in your account
Each figure below starts from the headline yield of 1.3% and shows an estimate of what you keep after tax. Where you hold the fund changes the answer: a TFSA shelters Canadian tax and can still lose foreign withholding tax when the fund has foreign withholding, a non-registered account taxes each character at its own rate, and an RRSP defers tax until you withdraw.
These figures are estimates at the top ON marginal tax rate, not your personal rate.
Illustrative, not tax advice.