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Payments in lieu of dividends

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  • Apr 7th, 2019 11:20 am
[OP]
Deal Addict
Sep 19, 2009
2036 posts
849 upvotes
Toronto

Payments in lieu of dividends

Is there a withholding tax for payments in lieu of dividends for US securities? Thanks.
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Deal Addict
User avatar
Feb 1, 2006
3236 posts
1040 upvotes
Ontario
andrew4321 wrote: Is there a withholding tax for payments in lieu of dividends for US securities? Thanks.
Yes, from my IB acct:

"2019-03-26 XXX Payment in Lieu of Dividend - XXXUS Tax"
Cards:HSBC WE MC 1.5%/3% travel 0 FX MC acceptance 31 day med AF $49
CTC WE MC 3% grocery, 3.54% CTC, RA, billpay
Bank: Alterna (1.9%, no fees)
Brokers: IB (For. stocks/low comm)/Reg. RBCDI(service, USD)

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