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Canadian banks
#20
(09-15-2015, 10:35 AM)Rasec Wrote: Still worried about the tax aspect of it, for non US companies (CA in this case) in a normal *taxable* brokerage account, how are taxes held and declared?

Any americans with experience in this case?

Taxes are held from the dividend cash distribution in a brokerage account, with the US-CAD Tax Treaty there is no double taxation, as a US investor there is a 15% foreign tax exemption. If CAD investments are held in a retirement account such as a ROTH IRA it's all tax free under the current policies.

In my brokerage account I receive all dividends in cash for later investments, regardless of company-country origin. In my ROTH account it's a mixture of both--all my foreign investments are dripped and currently the US companies are selectively dripped or dividends received in cash unless or until the maximum $5500 is allocated then after that, all dividends are dripped until the new year. In order to be a more disciplined investor I contribute weekly in the ROTH then as monthly dividends come in I allocate the dollars to a stock once the cash reserves hit $1000 to 1500. If I put in $5500 this morning, I won't hold onto it, it will be invested within hours, I have ZERO CONTROL with cash in my account! It's extremely difficult in times like the one we're currently experiencing because I see a lot of great buys and want to invest right now rather then later. Okay, I'll stop now because I went off on a tangent.
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Messages In This Thread
Canadian banks - by rayray - 07-22-2015, 05:54 PM
RE: Canadian banks - by Roadmap2Retire - 07-22-2015, 06:17 PM
RE: Canadian banks - by rayray - 07-22-2015, 08:00 PM
RE: Canadian banks - by Roadmap2Retire - 07-22-2015, 09:07 PM
RE: Canadian banks - by cannew - 07-25-2015, 09:24 AM
RE: Canadian banks - by Roadmap2Retire - 07-25-2015, 05:05 PM
RE: Canadian banks - by rayray - 07-26-2015, 01:33 PM
RE: Canadian banks - by crimsonghost747 - 07-26-2015, 02:49 PM
RE: Canadian banks - by rayray - 07-26-2015, 04:46 PM
RE: Canadian banks - by Roadmap2Retire - 07-26-2015, 08:18 PM
RE: Canadian banks - by rayray - 08-02-2015, 04:34 AM
RE: Canadian banks - by Roadmap2Retire - 09-14-2015, 03:16 PM
RE: Canadian banks - by cannew - 09-15-2015, 10:29 AM
RE: Canadian banks - by Roadmap2Retire - 09-15-2015, 12:43 PM
RE: Canadian banks - by Rasec - 09-15-2015, 10:35 AM
RE: Canadian banks - by Caversham - 09-15-2015, 11:44 AM
RE: Canadian banks - by rayray - 01-20-2016, 09:35 AM
RE: Canadian banks - by Roadmap2Retire - 01-19-2016, 03:05 PM
RE: Canadian banks - by crimsonghost747 - 01-19-2016, 09:52 PM
RE: Canadian banks - by Roadmap2Retire - 01-19-2016, 10:21 PM
RE: Canadian banks - by Roadmap2Retire - 02-21-2017, 11:31 AM
RE: Canadian banks - by Roadmap2Retire - 02-21-2017, 08:59 PM
RE: Canadian banks - by Dividend Watcher - 02-21-2017, 09:03 PM
RE: Canadian banks - by crimsonghost747 - 02-22-2017, 12:00 AM
RE: Canadian banks - by Roadmap2Retire - 02-22-2017, 09:47 AM
RE: Canadian banks - by crimsonghost747 - 02-22-2017, 11:19 AM
RE: Canadian banks - by crimsonghost747 - 12-19-2017, 12:00 AM
RE: Canadian banks - by ChadR - 12-19-2017, 10:29 AM
RE: Canadian banks - by Binary - 01-30-2018, 01:19 AM
RE: Canadian banks - by crimsonghost747 - 01-30-2018, 02:37 AM
RE: Canadian banks - by cannew - 01-31-2018, 06:21 PM
RE: Canadian banks - by rayray - 03-09-2018, 04:26 PM



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