Brookfield Property Partners L.P. BPY

BPY on NASDAQ

[Aminvestor1234]

Does anyone know if I bought the BPY shares on NASDAQ, is the $US dividend subject to the 15% withholding tax?

[stickbot]

A: Tax-Free Savings Accounts can be great. Most of the time, your investment returns are tax-free. ... Non-Canadian dividends, including those paid by U.S. blue chip stocks, are subject to withholding tax in a TFSA. The IRS levies a withholding tax of 15% on dividends paid to Canadian resident investors

[Aminvestor1234]

Is BPY considered a US company? Its headquaters is in Bermuda.

[Blueswin]

Quick question.  Can you get any of the 15% tax back from the USA government on the Dividends or is that just the cost of doing business?  Thanks!

[TestaDiMinchia]

I should have been more clear on my response. You DONT get taxed the 15%, you get the full amount of the dividend in USD. The 15% I believe only applies to US domiciled corporations.  

[Blueswin]

Thank you for that! You get to keep all of the div. even though it is paid in US dollars! And then you have to pay 100% tax in Canada with no reduction because it is paid in Us funds?

[Aminvestor1234]

Thank you for your answer Testa.

[TestaDiMinchia]

The answer is no. I own shares on both exchanges.