General tax information – types of securities, deadlines, other market specifics – Canada
Withholding tax services
Equities | Holding restriction? | Withholding tax rate | Relief at source | Quick | Standard refund |
| No | 25% | ||||
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 | Yes | No | No | ||
Non-resident tax-exempt entities | No | No | No | ||
Canadian residents | No | No | No | ||
Applicable default withholding tax rates
The default rates of withholding tax applicable in Clearstream Banking on income paid on Canadian equities are as follows:
- 25% on dividend from equities.
- N.B.: It is the client's responsibility to ensure that final beneficial owners are eligible for the tax rates applied, including the Clearstream Banking default rates. It is the responsibility of the client to comply with this obligation. Neither Clearstream Banking nor its local depository has any direct or indirect liability towards the Canadian authorities in this regard.
Holding restriction
Please refer to the “Holding restriction and Investment regulation” section of the Clearstream Banking Market Profile – Canada.
Capital gains tax
There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.
Stamp duty
There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.