01-28-2015, 10:35 AM
Ive owned a small portion in Medtronic over the past couple of years. Now that the COV deal is completed, my broker updated my holding this morning from Medtronic Inc to Medtronic PLC - which raises the question - does this mean that I will be paying dividend withholding taxes?
I reside in Canada and the holding in question is held in an RRSP account - so I didnt pay any withholding taxes for my MDT (since it was a US-based company). Now that its becoming a Irish ADR, Im guessing I'll have to pay dividend withholding tax?
From the agreement, it appears that it could be either 5% or 15%
http://www.fin.gc.ca/treaties-convention...t_-eng.asp
Someone familiar with this matter care to clarify?
I reside in Canada and the holding in question is held in an RRSP account - so I didnt pay any withholding taxes for my MDT (since it was a US-based company). Now that its becoming a Irish ADR, Im guessing I'll have to pay dividend withholding tax?
From the agreement, it appears that it could be either 5% or 15%
http://www.fin.gc.ca/treaties-convention...t_-eng.asp
Someone familiar with this matter care to clarify?