How do I buy an S&P 500 index fund in Canada?

There are several Canadian funds that track the S&P 500. The BMO S&P 500 Index Fund (TSX:ZSP) is a prime example that can easily be purchased on most brokerage platforms the same way you would purchase an individual stock.

How are index funds taxed in Canada?

Index funds are taxed like regular stocks , which means any passive income or capital gains you derive from these investments could be subject to taxes. However, most index funds can be held in government-registered accounts such as the Tax-Free Savings Account (TFSA), which could help you mitigate these taxes.