ragnarisapirate Posted July 10, 2009 Share Posted July 10, 2009 So, if I, as an American, own a Canadian security (such as FFH), do I have to pay Canadian taxes on dividends, cap gains, or anything of that nature? I know that there is a dividend tax in Puerto Rico and Germany, but that is the extent of my experience. thanks, Link to comment Share on other sites More sharing options...
gaf63 Posted July 10, 2009 Share Posted July 10, 2009 They will withhold 15% of the div. When filing US fed taxes there is a section that allows a credit for foreign taxes paid. You dont receive the entire 15% back , but if I remember correctly there is a carry over to next yr. Link to comment Share on other sites More sharing options...
Packer16 Posted July 12, 2009 Share Posted July 12, 2009 You can get the full amount back if have under $300 for individuals and $600 for joint filers. If you have more than this amount, then the it is treated as a deduction. Check with your tax advisor or the IRS for you specific case. Packer Link to comment Share on other sites More sharing options...
bookie71 Posted July 12, 2009 Share Posted July 12, 2009 Actually you get a tax credit on your US taxes equal to the amount paid to Canada so it really doesn't cost you anything. Kind of like the withholding on your paycheck. Link to comment Share on other sites More sharing options...
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