How to go about securing the best return for your investment in Canada.
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DRAFT Canada’s best dividends 2022: How we chose the winners + MORE Feb 16th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
Our evaluation encompassed all of the dividend-paying st.... More »
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Heading to college or university? Follow these smart money habits Aug 13th
New-found freedom and an early taste of adulthood await many young adults starting post-secondary education this fall.
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How to consolidate your registered accounts for retirement income in Canada Oct 1st
Ask MoneySense
My wife has an RRSP in her name and a spousal RRSP in her name, plus a small LIRA. She will be turning 71 next year.
My question is: Can she open a RRIF account and contribute both of her RRSPs plus the LIRA amount into one single RRIF account without incurring any taxable conseque.... More »
Tax planning for Canadians who invest in the U.S.
– moneysense.ca
It’s no surprise that many Canadians invest south of the border—both in stocks and real estate. On the world stage, economically speaking, we’re small potatoes.
As of May 31, 2021, Canada’s country weight within the MSCI All Country World Index was less than 3%. By comparison, U.S. stocks represented almost 58%.
The average Canadian home price in April 2021 was $695,657. In Canadian dollars, the average price of a U.S. home was significantly less expensive, at $535,194 (US $435,400).
But before you jump into U.S. investments, know there are both Canadian and U.S. tax implications for a Canadian investor to keep in mind.
Stocks and ETFs
When a non-resident invests in U.S stocks or U.S.-listed exchange traded funds (ETFs), the standard withholding tax on dividends is 30%. A Canadian resident is entitled to a lower withholding rate of 15% under a treaty between the two countries if they have filed a form W-8 BEN with the brokerage where they hold the investments.
The 15% withholding tax is generally the only tax obligation a Canadian investor has to the Internal Revenue Service (IRS) unless they are a U…
As of May 31, 2021, Canada’s country weight within the MSCI All Country World Index was less than 3%. By comparison, U.S. stocks represented almost 58%.
The average Canadian home price in April 2021 was $695,657. In Canadian dollars, the average price of a U.S. home was significantly less expensive, at $535,194 (US $435,400).
But before you jump into U.S. investments, know there are both Canadian and U.S. tax implications for a Canadian investor to keep in mind.
Stocks and ETFs
When a non-resident invests in U.S stocks or U.S.-listed exchange traded funds (ETFs), the standard withholding tax on dividends is 30%. A Canadian resident is entitled to a lower withholding rate of 15% under a treaty between the two countries if they have filed a form W-8 BEN with the brokerage where they hold the investments.
The 15% withholding tax is generally the only tax obligation a Canadian investor has to the Internal Revenue Service (IRS) unless they are a U…
