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Any taxes on Canadian dividends in sipp/isa?
caldi9
Posts: 212 Forumite
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
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Comments
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Yes, foreign WHT applies. Reclaimed by broker if inside SIPP, not for an ISA.
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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.Reed0
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