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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…
