75
Trump’s new bill threatens major tax increases for Canadian companies
(www.theglobeandmail.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 May 2025
75 points (100.0% liked)
Canada
10177 readers
650 users here now
What's going on Canada?
Related Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Comox Valley (BC)
- Edmonton (AB)
- Greater Sudbury (ON)
- Guelph (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Windsor (ON)
- Winnipeg (MB)
Sorted alphabetically by city name.
🏒 Sports
Hockey
- Main: c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL): incomplete
Football (CFL): incomplete
Baseball
Basketball
Soccer
- Main: /c/CanadaSoccer
- Toronto FC
💻 Schools / Universities
- BC | UBC (U of British Columbia)
- BC | SFU (Simon Fraser U)
- BC | VIU (Vancouver Island U)
- BC | TWU (Trinity Western U)
- ON | UofT (U of Toronto)
- ON | UWO (U of Western Ontario)
- ON | UWaterloo (U of Waterloo)
- ON | UofG (U of Guelph)
- ON | OTU (Ontario Tech U)
- QC | McGill (McGill U)
Sorted by province, then by total full-time enrolment.
💵 Finance, Shopping, Sales
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- General:
- Federal Parties (alphabetical):
- By Province (alphabetical):
🍁 Social / Culture
- Ask a Canadian
- Bières Québec
- Canada Francais
- Canadian Gaming
- EhVideos
- First Nations
- First Nations Languages
- Give'r Gaming (gaming)
- Indigenous
- Inuit
- Logiciels libres au Québec
- Maple Music (music)
Rules
-
Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.
-
Misinformation is not welcome here.
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
founded 4 years ago
MODERATORS
Paywalled, can't read it.
Does this mean I would pay taxes just for holding US securities (eg., stocks in US companies)? Or only when selling? Does it make any difference which brokers are used?
If the stock in your RRSP pays dividends, those dividends may be taxed 50% if an alternate agreement isn't reached.
I believe it’s just the withholding tax for dividends. It doesn’t mention in the article if this would affect US stocks in RRSPs, which are exempt from the withholding tax.
This sounds incorrect to me.
Withholding taxes are taxes at the source of the income. If a country stipulates that a foreign investor is subject to a 30% withholding tax on dividends, it doesn't matter the tax shelter status of your investment account - That money is never even going to land in your RRSP as it will be withheld at the source. If there is a tax treaty in place, you can apply afterwards to get some of your tax back.
Am I missing a key function here?
Thank you for the info.