TSX:HOT.DB.V - Post by User
Comment by
Compypaulon Jul 26, 2023 10:58am
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Post# 35557673
RE:RE:witholding tax fans - HOT disagrees with you.
RE:RE:witholding tax fans - HOT disagrees with you.
Zoolanders21 wrote: Jumping in really late on this .. In 2021-22 tax years there was no withholding tax deducted from AHIP distributions as the income was deemed a return of capital. This changed for 2023 and dsitributions are now subject to the 15% witholding tax (not TSFA or RRSP accounts though). You may have seen the deductions from your distributions.
I own HOT in two TFSA accounts at Scotia iTrade. Withholding tax definitely comes out at the beginning of each month. Is this the standard practice or does Scotia have it wrong?