I'm okay with 1, 2, 3. This is far better than anything offered by Canadian fixed income products. The reason I'm wary of equities, especially indexes is that its severely overvalued and due for a major correction (30~50% seems to be the consensus by famous bears), and that it feels like its running on fumes post 2020.

So $900 USD * 0.75 = $675 USD risk rate return after 50% capital gains tax ain't that bad. Wish wise I might be able to get back $840 CAD on a ~$12000 CAD investment.

Would be great if I could get the extra 5k limit increase by going the paper option like somebody mentioned in the comments but unsure how that plays out for Canadians.