Q: There was an article in the Globe and Mail today by David Rosenberg about the aging population and he suggested health care related investments such as health care REITS, pharma, devices, and services. What do you think of this idea and can you give me a few recommendations in canada and the US for each of the 4 categories (health reits, pharma, devices, sefrvices)? A mix of ETFS and individual stocks would be great.

Q: This is in response to Dean's question about the tax treatment of Irish companies like MDT. I hold MDT in a non-registered account and the withholding taxes can be claimed back against my Canadian taxes. The MDT withholding taxes are reported on the T5 as foreign dividend income. In the past, I learned the hard way that taxes are deducted from dividends received from non-US foreign companies held inside an RRSP. I don’t have any knowledge of tax treaties, but that's my experience.

Q: Hello 5i,
With regards to MDT & other Irish Domoniced companies that trade on the USA markets such as TT, CAN, ETN, AON, etc.… My broker withheld 25% on all dividend payments in 2024 even though the shares were held in a RRSP. I did well with MDT (Option Premium+Div-Net of Tax, Capital Appreciation) and at some point, I would like to own for dividends MDT or any of the other Irish Domoniced companies that trade on the USA markets. I reached out to my broker since there is a tax treaty with Canada / Irland and completed all recommended documents; the broker continued to deduced 25% of all dividends paid. My question is before I pay the $500 global tax collection or pay a 3rd party for advice would you happen to know or perhaps a reader might know should the Dividend Taxes 25% be taken even in RRSP’s on all Irish Domoniced companies? The net tax so far was ~$3.5K USD so it’s probably enough to seek other avenues to collect the Dividend Tax funds. The simple answer is to seek accounting advice which I certainly will be as an accountant my self this will be a very specialize question that will need an opinion issued.
investorrelations.medtronic.com/opportunities-obtain-irish-dividend-withholding-tax-dwt-exemption
stockanalysis.com/list/irish-stocks-us/