Equities - rates, eligibility, availability of relief etc. - Canada

27.12.2012

Withholding tax

Standard rate of withholding tax:25%Holding requirements / restrictions:Yes

The standard rate of withholding tax on dividends from Canadian equities is 25% in Clearstream Banking.

Important note:

It is the responsibility of the customer to ensure that final beneficial owners are eligible for the tax rates applied for, including the Clearstream Banking default rate. Neither Clearstream Banking nor its local depository has any direct or indirect liability towards the Canadian authorities in this regard.

Availability of relief

Click on the image for a larger view of the diagram showing the availability of relief at source and/or reclaim of withholding tax on income from Canadian equities.

Eligible beneficial ownersRelief at SourceQuick RefundStandard Refund
Tax-exempt entitiesYesYesYes
Residents of a Double Taxation Treaty (DTT) country
(non-resident according to Form NR301 (General))
YesYesYes
Residents of a Double Taxation Treaty (DTT) country
(non-resident according to Form NR302 (Partnerships))
NoNoYes
Residents of a Double Taxation Treaty (DTT) country
(non-resident according to Form NR303 (Hybrid entities)
NoNoYes

Important note:
Customers acting as Swiss intermediary for final beneficial owners of Canadian equities are required to submit a One-Time Certificate – Canadian Equities and Trust Instruments - Swiss Intermediary only.