Q: Hi, Now that Agent Orange (Trump) has passed the new bill, what do you see being the impact on dividends from US companies? Would payments from HTA be affected?
I currently enjoy some healthy dividends from holdings within an rrsp, how might these be affected? Thanks for your insight, as usual!
I currently enjoy some healthy dividends from holdings within an rrsp, how might these be affected? Thanks for your insight, as usual!
5i Research Answer:
Section 899, the part of the Bill that dealt with withholding taxes, and known as the 'revenge tax' was removed from the bill before it was passed. Thus, there are to be no changes to withholding taxes, at least for now and nothing should change. With Canada dropping the DST tax, this issue should be largely put to bed.