Non Resident Canadian Dividend Tax STOP Paying 25%
Автор: Canadian Expat
Загружено: 2025-11-10
Просмотров: 859
Описание:
Are you a Canadian expat deemed a non-resident for tax purposes? You are almost certainly paying 25% of your Canadian dividend income to the CRA by default. This video explains how to use tax treaties to legally reduce that withholding tax to 15%, 10%, or even less—and why you need to comply with the new CRA documentation requirements.
We believe in transparency. All research and quotes used in this video come from official CRA documents or specialized tax firms.
CRA Guide T4061 Part XIII Default Rate (25%): Non-residents have to pay a 25% tax on amounts that are taxable under Part XIII." (Referenced within the T4061 link below)
|CRA Guide T4061 Treaty Reduction Authority: "...this rate can be reduced to a lower rate or an exemption can be given under the provisions of the Income Tax Act or a bilateral tax treaty..." | (Referenced within the T4061 link below)
CRA Form NR301 The form mandates certifying eligibility for treaty benefits. https://www.canada.ca/en/revenue-agen...
CRA Form NR7-R Refund Form for over-withheld Part XIII Tax. https://www.canada.ca/en/revenue-agen...
CRA Tax Treaties Page Find your country's specific rate here! https://www.canada.ca/en/department-f...
CRA Section 217 Info Info on electing to file a return for pension income. https://www.canada.ca/en/revenue-agen...
CPA & Tax Firm Resources:
Allan Madan, CPA, CA Residency (183-day rule) & Non-CCPC Rate Warning. https://madanca.com/blog/how-to-manag...
MCA Cross Border Advisors CDA & Corporate Dividend Trap. https://mcacrossborder.com/mcacrossbo...
Trowbridge Documentation Changes & Ongoing Scrutiny. https://www.trowbridgeglobal.com/post...
Scotia Wealth Management General Payer Liability & NR4 requirements. https://theseanwhitegroup.ca/non-resi...
Other Referenced Links:
Previous Video (Tax on Interest Income): • Tax on CDN Sourced Interest Income for Can...
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Final Takeaways & Community Q&A
REMINDER: Check your account type, check your treaty rate on the CRA website, and urgently confirm your broker's current documentation requirements!
*Consultation:* Remember, although I am a licensed CFP, this is not personalized advice. Please consult with your tax specialist—the person responsible for filing your returns—for advice specific to your unique situation.
Engage: If you found this video helpful, hit like and subscribe to @CanadianExpats! And if you have a source you'd like to submit for future research or a specific cross-border question you need answered, please submit it in the comments below!
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