Post by
jenksh on Dec 17, 2022 12:08pm
Withholding TAX on TFSA
Canada has a tax treaty not to apply withholding tax on retirement accounts. TFSA is not a retirement account. RRSP is a retirement account. TD Waterhouse does not apply withholding on Return of Capital in TFSA and cash accounts. In 2019 TD Waterhouse determined Return of Cap 40% based on 2019 Amer Hotel Income statements