Post by
flamingogold on Jan 13, 2023 9:33am
No withholding tax
Just received my Jan distribution in full.
Comment by
pjn0987654321 on Jan 13, 2023 10:17am
I found with RBC that the withholding deduction would be applied a week or two later. To see, I had to go back and search the log for everything to do with HOT.UN.
Comment by
rabnud on Jan 26, 2023 1:06pm
Iam new to HOT the monthly dist show up in US dollars or do the brokers one is going through convert it? Thanks
Comment by
flamingogold on Jan 26, 2023 2:33pm
My distribution is coverted into Canadian dollars. The amount I get changes each month depending on the exchange rate. Up to now, despite the concern expressed here in December, I have yet to see any withholding tax on the latest distribution or, for that matter, on any previous one since my first buy over 2 years ago.
Comment by
flamingogold on Jan 26, 2023 3:48pm
Strange, I checked all my logs with TD going back to when I first bought in 2021 and did not find any withholding tax entries
Comment by
pjn0987654321 on Jan 26, 2023 5:33pm
I held from 2015 to 2020. Maybe a tax change policy came in after then, or RBC shouldn't have been withholding. I tried arguing with them several times. If they do withhold this time, I'll tell them that TD is not withholding. Thanks.
Comment by
flamingogold on Jan 26, 2023 7:33pm
Better yet... switch to TD and keep the withholding tax lol
Comment by
flamingogold on Jan 27, 2023 3:53pm
My shares are in a non-registered account. No withholding tax as far as I can see in my online account. I will have my accountant check TD's slips at tax time.
Comment by
rabnud on Jan 31, 2023 12:55pm
your tax slips will also show in your trading account for you to view also
Comment by
Tonyde on Feb 03, 2023 5:54pm
To the best of my knowledge, no withholding tax on dividends applies if securities are purchased on the Toronto Stock Exchange, even though dividends are paid in USD!!
Comment by
rabnud on Feb 17, 2023 1:54pm
there are zero witheld taxes
Comment by
flamingogold on Feb 17, 2023 3:57pm
I concur... no withholding taxes here either. So, the big worry back in the Fall that depressed the stock price was overdone except the price is still depressed... until one day it isn't. Getting paid almost 9% to wait.