- BCE Inc. (BCE)
- Brookfield Renewable Partners L.P. (BEP)
- Brookfield Renewable Corporation Class A Subordinate (BEPC)
Q: I have some US$ and want to buy BEPC:US. I held BEP:US and a few years ago and faced higher taxes on dividends and maybe capital gains from the US with a partnership - can you confirm this will not be the case with BEPC:US? I also just bought BCE:US - can you please confirm that I will still get the Canadian dividend tax credit for with BCE:US and BEPC:US.
Thanks!
Thanks!
5i Research Answer:
BEPC is a Canadian corporation set up specifically to allow investors to get the Canadian dividend tax credit. BCE is a Canadian company and the tax credit applies applies regardless of where the stock is bought or held (assuming a non-registered account).