Withholding Tax for Canadian citizen in a US partnership
Moderator: Mark T Serbinski CA CPA
Withholding Tax for Canadian citizen in a US partnership
Is there any Canada-US tax treaty benefit for withholding tax derived from a US based partnership (LP) with a Canadian individual owner. Essentially, the withholding is supposed to be 39.6% for noncorporate partners. Is there a reduced rate for Canadians. I read somewhere that it may perhaps be 30%, but not sure.