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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paxb2u who wrote (29197)	12/10/2007 10:27:15 PM
From: 8bits	Read Replies (1) \| Respond to of 79353

8 bits, Do they still withhold 15% of the dividend? TIA Peace For Canadian taxes... yes... however you can file to get a 1 for 1 tax credit off your US taxes... (This would not apply if you held the security in any IRA or any other account shielded from US taxes..) so far I have been able to recover everything that has been withheld by Canada.. taxes.about.com wwwebtax.com Foreign Tax Credit A tax credit reduces your US tax liability on a dollar-for-dollar basis, and so is generally more valuable than a deduction which reduces your taxable income. Maximum Allowable Foreign Tax Credit Your foreign tax credit cannot exceed your US tax liability multiplied by a percentage. The percentage is your total foreign-source income divided by your total worldwide income. You must figure the allowable amount by various categories of income. Examples of income categories include investment income and wages.