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RBC iShares
About 2.6% recurring income, and over the last 3 years capital grew 19%/yr.
Payout over time
Fund health
Where the 3-year return came from
The unit price grew 19.2% a year over this window while distributions added 3.6%: 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 | 99% | $0.6875 |
| Return of capital | 1% | $0.0098 |
Return of capital is not tax-free. It lowers your adjusted cost base, so the deferred tax can increase a later capital gain or reduce a later capital loss when you sell.
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 2.6% 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.
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.
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The cash distribution was reduced in 8 calendar years since 2001.
Whether the distribution is rising year over year is the Dividend growth section below.
Coverage 8.9×: The fund paid a 2.6% distribution rate against a 23.4% a year total return; the total return was at least the current distribution rate over this window.