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Are there any TSX stocks that costs you withholding taxes?

  • Last Updated:
  • Feb 28th, 2018 3:22 pm
[OP]
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Nov 4, 2016
741 posts
428 upvotes

Are there any TSX stocks that costs you withholding taxes?

Hi guys I have a noob question about the TSX. Someone told me that:

1) Some Canadian company stocks in the TSX invest into US properties and assets.
2) Other stocks on TSX are actually American companies, listing on TSX.

As such these stocks (in both cases) would charge me a 15% withholding tax, on all their dividends and earnings.

I am surprised by this. As a Canadian investor, I thought I only ever need to pay the 15% withholding taxes if I invest into foreign stocks, like in the NYSE. Maybe I am not understanding him properly.

Can someone explain and clarify this for me? Thanks!
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2 replies
[OP]
Sr. Member
User avatar
Nov 4, 2016
741 posts
428 upvotes
Does anyone know? Thanks!
Best shopping deals I got from here:
Asus Zenfone 3 Zoom $300, ZTE Blade V8 Pro $175, Fluld 55' 4k TV $360

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