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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Max Fletcher who wrote (6793)	12/17/2010 10:37:36 AM
From: chowder	Read Replies (1) \| Respond to of 34328

I wonder why you had Canadian taxes withheld on ERF and I didn't on BMO? I thought I read recently that the US and Canada had an agreement where foreign taxes would not be withheld on equities. I forget where I read it, but I was concerned about it. It was the reason I sold TOT from my IRA.

To: Max Fletcher who wrote (6793)	12/17/2010 11:25:19 AM
From: Bread Upon The Water	1 Recommendation Read Replies (2) \| Respond to of 34328

I think, based on this company's post below, all US investors who hold Canadian trusts in their IRA's are about to get a 15% boost in their dividends come 2011 as the trusts convert to corporations. If anyone knows different please post. Thanks. "2011 payment will be its final distribution payment as an income trust; therefore, this payment will remain subject to the 15 percent withholding tax rate for all U.S. holders of Pengrowth. Pengrowth's February 15th, 2011 payment will be Pengrowth's first payment which is classified as a dividend. Accordingly, beginning with this payment, there should NO LONGER BE WITHHOLDING TAX to future dividends paid to U.S. shareholders of Pengrowth who hold their shares in IRAs, 401K's or other non-taxable accounts"