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- Wed Oct 02, 2024 3:53 am
- Forum: Canada / United States Tax & Accounting
- Topic: Do I need to report stocks dividends on 1040NR if withholding already applied?
- Replies: 10
- Views: 28011
Re: Do I need to report stocks dividends on 1040NR if withholding already applied?
You still need to report dividend income from US stocks, even if the 15% tax has been withheld under the US-Canada Tax Treaty. Although the tax has been withheld, you must declare the entire dividend income on your return to ensure compliance with tax regulations. You can then claim a deduction for ...