The Globe and Mail reports in its Saturday edition that for Magnificent Seven investors, only Apple, Microsoft and Nvidia pay dividends, and their yields are tiny. The Globe's John Heinzl writes that if you hold these stocks in a tax-free savings account, the amount of withholding tax would be minimal. For these reasons, a TFSA is a good place to invest in Big Tech. In a non-registered account, on the other hand, you will face capital gains tax when you sell stocks that have appreciated. You will also face a 15-per-cent withholding tax on U.S. dividends, as well as Canadian income tax on foreign dividend income, although you can usually claim a foreign tax credit for the tax withheld (which is not the case with a TFSA). What softens the blow is that, in a non-registered account, only 50 per cent of capital gains are included in income. As for your registered retirement income fund (RRIF), there are no Canadian income taxes on capital gains or dividends and no withholding taxes on U.S. dividends. Keep in mind, however, that a RRIF consists of pretax dollars, so a dollar invested in a RRIF will effectively give you less exposure to the Magnificent Seven than a dollar invested in a TFSA or non-registered account.