US resident, CDN-employment, CDN source dividends
Is it possible to recover the 15% treaty withheld tax on a cdn source dividend and include this income on my CDN return? Is this NR7 and if so any suggestion on how to describe this reason and obtain the details?
Dividend withholding recovery
Moderator: Mark T Serbinski CA CPA
Re: Dividend withholding recovery
No. Non-residents are to be taxed 15% flat rate. There is no provision for the non-resident to report Cdn dividends nor claim the dividend tax credit.
The 15% is to be included on the US tax return towards a credit on a passive income 1116.
NR7 would be to recover NR tax that was withheld at a higher than treaty-specified rate. Yours seems to have been withheld correctly.
And, before you ask, there is no "non-discrimination" provision that would cover this.
The 15% is to be included on the US tax return towards a credit on a passive income 1116.
NR7 would be to recover NR tax that was withheld at a higher than treaty-specified rate. Yours seems to have been withheld correctly.
And, before you ask, there is no "non-discrimination" provision that would cover this.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best