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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Cogito Ergo Sum who wrote (5979)6/6/2003 12:18:38 PM
From: Tommaso  Read Replies (1) of 11633
 
I was dealing with the dividend agent, not my broker, since I hold the certificate myself.

U. S. citizens cannnot escape the 15% witholding, which goes to the Canadian gov, except in properly set-up IRAs. But we can take a credit on our own income tax for the amount.

I admit I did not anticipate a Canadian agency remitting 30% additional to the US government.

I have also had some problems with brokerage accounts (IRAs) that improperly withhold the 15%.

Show how unfamilar these Canroys still are in this country.
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