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Alibaba Group Holding Limited American Depositary Shares each representing eight (BABA)
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Lloyds Banking Group Plc American Depositary Shares (LYG)
Q: Good morning,
I have questions regarding the taxation of foreign dividends. I know that for US dividends, the 15 % tax does not apply for stocks held in a RRSP, but does so in a TSFA or regular account.
- What about non US stocks listed in the US? Are they simply treated as a US stock since they are listed in the US or do other rules apply depending on where the company is based? Good examples would be stocks like LYG (UK) or BABA (China).
- More generally, is the deduction applied automatically when the dividend is paid or does it have to be declared manually by the shareholder on its annual tax report?
I understand fiscal matters are not your specialization, but I figure you or other members might have had the same questions at some point.
Thank you!
I have questions regarding the taxation of foreign dividends. I know that for US dividends, the 15 % tax does not apply for stocks held in a RRSP, but does so in a TSFA or regular account.
- What about non US stocks listed in the US? Are they simply treated as a US stock since they are listed in the US or do other rules apply depending on where the company is based? Good examples would be stocks like LYG (UK) or BABA (China).
- More generally, is the deduction applied automatically when the dividend is paid or does it have to be declared manually by the shareholder on its annual tax report?
I understand fiscal matters are not your specialization, but I figure you or other members might have had the same questions at some point.
Thank you!