I will be updating my foreign
withholding tax paper in the new year, so hopefully this will help.
Not exact matches
You must file a
paper Form IL - 1040 with all required supporting documents including your last paycheck stub from each employer if you are claiming Illinois Income
Tax withheld on Line 25, and your federal tax return transcript if you are claiming an Earned Income Credit on Line
Tax withheld on Line 25, and your federal
tax return transcript if you are claiming an Earned Income Credit on Line
tax return transcript if you are claiming an Earned Income Credit on Line 28.
As the PWL
paper notes, since no
tax slips are issued for dividends received in registered accounts, any foreign
withholding taxes incurred are not recoverable.
In our newly revised white
paper, Justin Bender and I explain the hidden cost of foreign
withholding taxes on U.S. and international equity ETFs.
In our recent white
paper, Justin Bender and I used a metaphor: «You can think of Level I foreign
withholding tax like a departure
tax you pay when taking a direct flight to Canada from a foreign country.
This «wrap» structure is not such a big issue in a taxable account, but the additional costs become more apparent when the fund is held in an RRSP account (which is discussed in more detail throughout our Foreign
Withholding Taxes white
paper).
To compare the overall costs of both ETFs (including the additional cost of foreign
withholding taxes), I've used a similar methodology to the one found in our white paper, Foreign Withhol
withholding taxes), I've used a similar methodology to the one found in our white paper, Foreign Withholding T
taxes), I've used a similar methodology to the one found in our white
paper, Foreign
WithholdingWithholding TaxesTaxes.
Rather than explaining this idea in full here, I'll just announce that Justin and I recently completed a new white
paper that includes the estimated cost (including both MER and foreign
withholding taxes) of many popular ETFs in all account types.