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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Taikun who wrote (9771)9/25/2005 8:11:03 PM
From: Dave  Read Replies (2) of 11633
 
<<<<Anyway, last year I got a 15% pay reduction when withholding on foreign sheltered accts was introduced. So the daily prices are a measure of whether one gets a gain or loss on liquidation if that is required. Why might liquidation be required? Further taxation on distributions would be one reason.>>>>>

Taikun
Aren't these taxes deductible from the your US tax? You would get the 15% back as a tax credit.In my case, all foreign taxes on dividends are deducted from the bottom line tax payable. My CPA has been doing this for several years.

Dave
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