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Brookfield Property Partners L.P. BPY

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment includes Core Office, Core Retail, LP Investments, and Corporate Segments. The company operates in various sectors such as the office sector, retail sector, industrial, multifamily, hospitality, triple net lease, and the corporate sector. It generates a majority of revenue from the LP Investments segment.


NDAQ:BPY - Post by User

Comment by MarcoPoloTor1on Jul 16, 2020 4:11pm
175 Views
Post# 31277975

RE:RE:RE:Witholding Tax (Canadian TFSA)

RE:RE:RE:Witholding Tax (Canadian TFSA)
you are correct. Canada has a tax treaty with most developed countries. Those treaties typically ensure that retirement vehicles such as an RRSP are not subject to withholding tax by other countries on foreign source income. However TFSAs are not recognized by other countries as retirement vehicles. Therefore unlike an RRSP any foreign withholding tax paid on accumulating income inside a TFSA is lost forever. Since Canada doesn't does accumulating income inside a TFSA there is no basis whatsoever for a foreign tax credit on tax withheld by foreign governments. Inside an RRSP any withholding taxes are nullified by treaty provisions since the RRSP is typically recognized as a retirement vehicle. A TFSA is a tax sheltered SAVINGS vehicle as far as Canada is concerned but unless covered by a reciprocal tax treaty TFSAs are NOT exempt from any withholding tax on foreign source income.
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