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If so ...if you buy through scottrade will you get hit with a tax before they give you dividens? What would the divedens % be then and can you get the tax back if your from the states? Any info would be appreciated.

2007-02-04 05:29:26 · 2 answers · asked by garykofoid 2 in Business & Finance Taxes Canada

2 answers

I own some Canroys stocks myself and still think it 's worth it. I own them for dividends and price appreciation. I wouldn't be concerned about the new tax thing until 2 years from now. By then I might unload them and move on. But for now, the new tax regulations will not be in effect. I got about 1.5 to 2 years to worry. 10 % dividends plus price appreciation is worth the risk for me. As for the prior answer, why so grumpy. I'm in the US and I love both Canada and US. NO where else in the world offers you a decent living environments, conveniences, optimum food supplies, decent health care (though not the best it could be, but better than other countries in the world), and freedom (also not total/absolute freedom, but you can speak your mind without being put in jail). I love the USA and like Canada. I'm a naturalized American citizen and thankful for the opportunity I got. Been born in a developping country and lived there for 20 years and thus I could say I've seen enough to say that I'm so grateful and apprecate it to be an American citizen.

2007-02-04 05:54:34 · answer #1 · answered by PO@BWC 2 · 1 1

Yep...believe me...They pay great dividents. The stock growth might not be as good as American or European stock but the dividend alone is good enough to balance your expected returns....The only tax you pay is to the Trust and i think (unlike American stock) it is deducted from the dividend payout

2007-02-04 05:44:23 · answer #2 · answered by raqandre 3 · 0 0

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