Search found 4 matches

by hoffer.davidm
Tue May 25, 2021 9:32 pm
Forum: Canada / United States Tax & Accounting
Topic: K1 revenue inside an RRSP - can I get the 37% tax reduced?
Replies: 6
Views: 2275

Re: K1 revenue inside an RRSP - can I get the 37% tax reduced?

Good link, but ultimately doesn't answer my question. The article is specific that investments held in RRSP's (mine are) are beyond the scope of the article. It also provides not advice regarding getting a refund by filing in the US and showing income taxes at a lower tax rate than the withholding t...
by hoffer.davidm
Mon May 24, 2021 10:38 pm
Forum: Canada / United States Tax & Accounting
Topic: K1 revenue inside an RRSP - can I get the 37% tax reduced?
Replies: 6
Views: 2275

Re: K1 revenue inside an RRSP - can I get the 37% tax reduced?

Seems to me that if I file US taxes I am subject to the same taxation rate as a US citizen. Which in the example I give above, would put me qat 12%. FDAP would have nothing to do with it.
by hoffer.davidm
Thu May 20, 2021 3:13 pm
Forum: Canada / United States Tax & Accounting
Topic: K1 revenue inside an RRSP - can I get the 37% tax reduced?
Replies: 6
Views: 2275

K1 revenue inside an RRSP - can I get the 37% tax reduced?

I own shares of several US based LPU's that I recently bought inside of an RRSP. First round of dividends comes in and 37% held back. I have no other US income at all. The dividends amount to about $20K per year, so $7400 held back in taxes. That would put my US income at about a 12% tax rate if I u...