Single mom Adelaide has $22,000 in line-of-credit debt — here’s how she learned to dig her way out + MORE May 29th
What is a line of credit and what is it best used for? We make it make sense + MORE Oct 10th
What is the Canada Carbon Rebate? Plus, dates and amounts for 2024 rebates + MORE Mar 26th
How the elimination of interest on federal student loans could give graduates a boost + MORE Nov 28th
What Does Silicon Valley Bank’s Collapse Mean for Canadians? + MORE Mar 27th
A guide to the best robo-advisors in Canada for 2022
– moneysense.ca
Fast forward to today and the honeymoon atmosphere has dissipated. Against the backdrop of an extraordinarily long-lived bull market in stocks, active management has made a comeback (not least in the ETF space), exotic asset classes like cryptocurrency are on the rise, and new competition is coming from asset-allocation ETFs that do the job of portfolio management all in one security.
Suddenly robo-advisors find themselves having to prove their worth anew, all the while trying to establish a profitable business model in a low-margin corner of the investment universe…
U.S. withholding tax in an RRSP for Canadians
– moneysense.ca
How much is withholding tax on U.S. dividends?
I am going to provide a brief summary of U.S. withholding tax on investments, Wanda, before addressing Enterprise Products Partners (EPD) specifically.
First, U.S. stocks are generally subject to 30% withholding tax on dividends for non-residents. Many countries, including Canada, have tax treaties with the U.S. to ensure a reduced rate of withholding tax. For qualifying Canadian residents, the tax can be reduced to 15%. In a registered retirement savings plan (RRSP), the tax may be reduced to 0%.
Qualifying to reclaim U.S. withholding tax
In order to qualify, an investor has to fill out this form and provide it to their investment firm: Form W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)…