TSX:HOT.DB.V - Post by User
Comment by
bcscon Jan 27, 2023 11:15am
225 Views
Post# 35250181
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No withholding tax
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No withholding taxIt all depends on the account that it is held in. No withholding tax if held in RSP. In a TFSA or non-registered account withholding tax applies.
To the best of my recollection:
At one point TD was withholding 15% of the entire distribution. HOT then began to split the distribution into the various components and the withholding tax was only applied to the income portion of the distribution, not the return of capital. I suggest that if currently no withholding tax that the entire distribution is classified as return of capital for income tax purposes (or is held in registered account)
flamingogold wrote: Better yet... switch to TD and keep the withholding tax lol
pjn0987654321 wrote:
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.