Bullboard - Stock Discussion Forum Slate Grocery REIT SRRTF

Primary Symbol: T.SGR.UN

Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate... see more

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Slate Grocery REIT > Dividend Treatment by CRA and the IRS

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Post by birdie22 on Nov 21, 2020 12:17pm

Dividend Treatment by CRA and the IRS

Because the earnings are in the US how does CRA treat the distribution and is there any holdback of Divy payout for IRS.
Thanks

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Comment by NotDrake on Nov 21, 2020 1:57pm

On the T3 it shows up as foreign non-business income so taxable at 100%. The last few distributions of 2019 were 35% return of capital, 12% capital gain, and 53% foreign non-business income. So 1/3 tax free, 12% taxable at 50%, and 53% taxable at 100%. There is no tax withheld and the reason might be because the REIT invests in the US properties via an LP and receives the income in the ...more

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