Beneficial owners recognised for tax purposes – Canada
The following types of beneficial owner are recognised for tax purposes in Canada for Canadian dividend distribution paid via Clearstream Banking:
Equities | |
Beneficial owner | Tax rate |
Non-residents of a double taxation treaty country (DTT) where the applicable rates of Canadian withholding tax are the same as the rates specified in the Canada – United States Tax Treaty (that is, 15%) and who qualify as a non-resident as per the requirements stated in the Canadian Revenue Agency (CRA) Form NR301 | Tax treaty rates that are the same as the rates specified in the Canada – United States Tax Treaty (that is, 15%) |
Non-resident tax-exempt entities | 0% |
Canadian residents | 25% |