Q: Re : Special dividend.
A 25 % withholding tax is indicated. Would this still apply if the shares are held in a TFSA?
Thank you,
Philip
A 25 % withholding tax is indicated. Would this still apply if the shares are held in a TFSA?
Thank you,
Philip
5i Research Answer:
As a Canadian domiciled company, it should not. SDE is in a UK index, and the FTSE put out a press release showing a 25% tax, but this applies to UK investors. At least this is our understanding and we see nothing from the company to the contrary.