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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?


To: RonS who wrote (6091)7/4/2003 10:45:00 PM
From: jimsioi  Respond to of 11633
 
Taxation of CanRoys in IRAs

Battled with Fidelity for seemingly years to get them to end the 15% taxation withholding. Read for example on the Yahoo boards where others were not getting taxed by Fidelity...Of course I have no way of knowing if they really were or not...I gave up and transferred my CanRoys to a bokerage that doesn't hit me with the tax.

Fidelity is probably no worse for the change, as I wasn't generating much in the way of commissions via the CanRoys anyway, and the monthly processing certainly had a cost to them though likely fairly little, being done all by computer.....That was really the problem, nobody know how to talk to the computer, or wanted to try...Certainly the "one who knew" was busy with other bigger matters.



To: RonS who wrote (6091)7/6/2003 11:25:55 AM
From: Bread Upon The Water  Read Replies (1) | Respond to of 11633
 
Ron, Tommaso, et. al.

You may want to look into transferring your regular IRA's--or at least the portion of it that hold Can Roy Trusts to TD WAterhouse.

I 've owned 4 Canadian R Trusts therein for a couple of years and have NEVER had a problem with the withholding.

I think this may be because TD has a Canadian Brokerage firm in house (Greenline or formerly Greenline) so these guys are familiar with how these things are supposed to work.

Luck to all

Bill