Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
"The full dividend is paid to me without withholding any Canadian tax."

Maybe. Schwab never reported to me the foreign taxes paid on my retirement accounts, it wasn't until I owned the same foreign stock in both taxable and deferred accounts that I figured out I was losing the tax credit on my IRA investments.

"It's possible that Canadian tax law treats US IRA accounts"

Sometimes I think that they do. I have heard repeatedly from articulate intelligent people that you can on Canadian Royalty Trusts held in tax deferred accounts stop any Canadian taxes from being withheld. Someone even posted a link to a royalty trust website that walked you through the requirements of getting the Cdn withholdings stopped. Never heard of it on regular Canadian common stocks.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.