Jump to content

Canadian withholding tax for IRA accounts


Ben_S
 Share

Recommended Posts

Due to a tax treaty between the 2 countries, US brokers should not withhold Canadian tax in US investors' IRA accounts. However, I've heard of a number of brokers being unable/unwilling to comply with this.

 

For example, I've heard that while Interactive Brokers does not withhold for Toronto listed stocks, they do for NYSE listed Canadian companies. I've heard that Scottrade and Schwab also improperly withhold.

 

But I've heard that TD Ameritrade and Etrade may be good. But does anyone know of any others (or has anyone ever have issues with these 2)? Thank you

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...