Capital gains on US ETF's tax treatment
Say that I (Canadian citizen/resident) buy an American equity ETF on a US exchange and then sell it a year later to make $10,000 in capital gains.
Ignoring any dividends that ETF may have paid, and just focusing on capital gains how much tax would I have to pay to the IRS and Canada revenue? This would be in a non registered account Could you please provide references too.
I can't seem to find anything about this. Everything that I come across is about foreign withholding taxes (FWT), but FWT seems to only apply to income )interest and dividends), and not capital gains.
How much do Canadian shave to pay on capital gains on US equity etf's to the IRS and CRA? What if the etf is in a TFSA?
What are the references for this?
Thanks.
Ignoring any dividends that ETF may have paid, and just focusing on capital gains how much tax would I have to pay to the IRS and Canada revenue? This would be in a non registered account Could you please provide references too.
I can't seem to find anything about this. Everything that I come across is about foreign withholding taxes (FWT), but FWT seems to only apply to income )interest and dividends), and not capital gains.
How much do Canadian shave to pay on capital gains on US equity etf's to the IRS and CRA? What if the etf is in a TFSA?
What are the references for this?
Thanks.
Last edited by dentalfloss on May 6th, 2020 3:10 am, edited 2 times in total.