BladeXRunnners, I think you are misunderstanding peggyyu's question. If she is a Canadian citizen and a Canadian resident, her capital gains are withheld at a rate that is determined by treaty, not the usual rate we are accustomed to. If you go to IRS Publication 901 and look at Table 1, it appears that that rate is 30%.Now, it is possible that a credit against that tax might be allowed in Canada. I know that the State of New York allows such a credit if you live in Buffalo, say, and work in Fort Erie and pay taxes in Ontario.Also, a U.S. stock bought on the Toronto Stock Exchange might not be subject to U.S. capital gains taxes at all. I'm sure that dividends would be taxed at source, because I have some NT and RY whose dividends are taxed in the other direction as they come to me.I think this question should be asked again on the Canada (TSE,VSE) board.
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