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Canadian taxes

Posted: Wed Mar 27, 2024 10:36 am
by Lbark
I have noticed on my Fidelity account that there is a CRA of Canada and that there may be a withholding of 25% or some amount for dividends. how do you avoid the withholding taxes for these canadian companies in a taxable or non taxable account?

Re: Canadian taxes

Posted: Wed Mar 27, 2024 10:47 am
by dan_s
They withhold 15% tax on taxable accounts, which you get back as a foreign tax credit when you file your tax return in the U.S.

They should not be withholding on shares held in an IRA.

Re: Canadian taxes

Posted: Fri Mar 29, 2024 9:16 pm
by Orindakid
Apparently you need to file a form W-8. I will work on this next week and let you know what I find out.
Regards