Any taxes on Canadian dividends in sipp/isa?

caldi9

Thinking about buying share of a Canadian company. Are there any taxes on dividends paid in an isa or sipp? Does one have to fill out an NR-301 for both sips and ISAs? Thanks

DavidT67

Yes, foreign WHT applies.  Reclaimed by broker if inside SIPP, not for an ISA.

Reed_Richards

As a non-resident of Canada, your dividend income will be subject to a withholding tax.  This is 25% by default but 15% by treaty with the UK.  I think you would have to fill out an NR-301 to get the treaty rate.  I think you would still have to pay this withholding tax on shares within an ISA.  Just possibly a SIPP might be different; I think it is for US shares.

A lot of "I think"s there because I am not certain - but hopefully my reply will get the ball rolling.