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

To: Sultan who wrote (9916)	10/18/2005 6:34:05 PM
From: LTBH	Respond to of 11633

It is most certainly a one way street. Read the tax treaty that the US abides by and Canada has broken. Nuff said. US does NOT tax (tax deferred/tax exempt) Canadian retirement accounts. This has also been verified by several Canadian investors as in fact their experience. Cannot believe that 16 months after this issue first surfaced, someone would, innocently, make such an uninformed comment. LTBH

To: Sultan who wrote (9916)	10/18/2005 7:09:49 PM
From: Goldberry	Read Replies (1) \| Respond to of 11633

I have to agree with the others I have checked my RRSP accounts and cannot find any withholding tax for the 1 US dividend paying stock in our portfolio. I say this should be recipricol and the US should be collecting 15% on all dividends paid to non-residents. I am quite confident that the dividend flow south from the trusts is considerably higher than the dividends flowing North so the Can Gov't should quite agreeable to this change. I think one of the things the Gov't is very likely to do is to increase the take on trust payout to non-residents because the present status quo is certainly unfair to the tax paying Canadian. Before I get all the hate mail think about it guys. A trust is setup so that all income is distributed and is taxed in the shareholders hands. So I as a Canadian pay over 45% tax on my distribution income (the fact that if I hold it in an RRSP is mute because it gets taxed when withdrawn) and a US resident pays 15% then the US government collects taxes on his income so on all this oil and gas income flowing to non residents Canadians are getting shafted while the uS feds collect tax income that would have flowed to Canada had it been a corporation, rather than a trust, paying normal corporate taxes.