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Six Canadian Banks That Should Reward Long Term Investors

Whatever you do, remember that the Canadian government will withhold 15% of your dividend for taxes. To recoup at least a portion of it as a foreign tax credit you may have to file IRS form 1116 with your 1040 tax return, and that may complicate the preparation of your U.S. federal income tax return a little bit. People who promote foreign stocks seldom say anything about the tax consequences.