TSX:HOT.DB.V - Post by User
Comment by
flamingogoldon Dec 16, 2022 9:00am
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Post# 35175318
RE:Witholding tax on distributions
RE:Witholding tax on distributionsStill heavily outweighed by the opportunity in the current low share price, which is now back to covid Nov 2020 levels, when the distribution was also at zero (now 9.7%). Travel traffic is almost back to pre-pandemic levels, the payout ratio is well below 100%. And the distribution is still 70% below what it was pre-covid. IMO, the biggest headwind continues to be sentiment and recession fears and shorter term tax-loss selling. This will all pass.
navajojoe wrote: Just got a note from TD and it looks like even if one holds HOT in their Canadian rrsp, there will be a witholding tax. That sucks.