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nativespirit2000

nativespirit2000
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  • Top Monthly Pay Dividend Dogs For March [View article]
    This is according to the tax treaty between the US and Canada. At the end of 2013 for filing purposes,you will be able to file a Foreign Tax Credit to repatriot those funds and credit to those US taxes owed.
    Mar 22 02:13 AM | Likes Like |Link to Comment
  • Top Monthly Pay Dividend Dogs For March [View article]
    I owned over 20k shares of ARR, and it is a stock one needs to be very wary of. Have an excellent entry point and be ready for the exit, and collect the divvy meanwhile. I saw the writing on the wall last fall with a 7 cents per month. Their income didn't support anything more, sold off everything then. Got a little profit cost average, plus all the divvys:-) Only way I would own this stock again is if it was at $6 or less. No way I would take less than a 14% yld for this risk. ARR is one of the highest leveraged, "buys backs it shares-but yet SOs", rob Peter to pay Paul, and YET they can't pay their bills........ Hmmmmmm..... Anyone want to hire their accountant? LOL Seriously! I love the mopay, but I believe they use it as a lure and get fellow investors hooked. Eat the bait, but be willing to bite hard enough through the line and hook if you cast into the waters on this one.
    Mar 22 02:13 AM | Likes Like |Link to Comment
  • Top Monthly Pay Dividend Dogs For March [View article]
    From conference call, 2013 divvy is FULLY funded along with CAPEX. At that time they stated it would be with a yet to be announced closed sale, DRIPs, and income. The completion of the property sale was a week and their Lindbergh project is ahead of all projections. LONG/Day Trading PGH
    Mar 22 02:13 AM | Likes Like |Link to Comment
  • ARMOUR Residential REIT (ARR) declares dividend of $0.07/share for the month of Apr., May, and June, 12.5% decrease from prior dividend of $0.08. Forward yield 12.4%. (PR[View news story]
    I saw this coming last fall, follow the pysche. It was in the basic #'s anyways and was a fairly large shareholder of appx 20k. I dumped those share when the handwriting was on the wall. I cost averaged my base with a bit of profit plus all the divvys and got the hell out of that stock in Nov before they hammered everyone with the drop of 8cents. IT IS A PATTERN. If a person does a LITTLE DD, you will find a plethora of opportunities that are SOUND that pay as well with no near the risk of ARR. One of the highest leveraged mreits, but can't earn enough to pay the bills, does that make sense to keep your money with that accountant? Lesson learned for me, don't fall in love with any single investment or even for that matter even one investment sector. I know that monthly divvy is AWESOME, BUT - it is a lure to keep ppl on the bandwagon. I loved it too, but robbing peter to pay paul is a ponzi scheme.
    Mar 15 05:08 AM | 1 Like Like |Link to Comment
  • Pengrowth Energy Reaffirms Its Commitment To Lindbergh Project And Its 10.5% Dividend Yield [View article]
    Simple article on the basics:
    http://bit.ly/13H6S8R

    Actually, IRAs are the best place to own Canadian stocks, since there is no withholding of taxes due to the tax treaty. Cool!

    http://bit.ly/15zpp5w
    Direct Quote:
    DIVIDENDS

    Dividends received by a private Canadian corporation from another resident corporation are subject to a refundable tax of 33.33% of the amounts received. In the event that the recipient corporation holds 10% or more of the payor corporation (measured by votes and value), taxes payable are based on the amount of tax refunded to the payor corporation as a result of the dividend. Dividends received by most public corporations from another Canadian corporation are effectively excluded from income. Dividends received from non-resident corporations are subject to tax unless received from a subsidiary out of its active business profits from a listed (generally, treaty) country. Other dividends from foreign affiliates are netted against a grossed-up adjustment for the underlying foreign affiliate tax and withholding tax.

    Portfolio dividends from foreign corporations are included in taxable income but the recipient is entitled to a foreign tax credit for the foreign withholding tax.

    WITHHOLDING TAXES

    Canada imposes non-resident withholding tax on many types of income paid or credited to non-residents including dividends, interest, royalties, management fees, pension payments and rents. The statutory rate of withholding is 25% but this may be reduced or eliminated by treaty provisions. Section I Treaty and Non-treaty withholding tax rates summarises the rates of withholding under Canada's present income tax treaties. As of 1 January 2008, withholding tax is no longer payable on most interest payments made by Canadian borrowers to arm's length lenders.

    Canada also has a clearance certificate procedure that requires a purchaser to withhold from the proceeds paid to a non-resident seller on the sale of certain Canadian properties. The amount of withholding is generally 25% (50% for certain types of properties) of the net gain on disposition if proper notice is given to the tax authorities and a clearance certificate is provided to the purchaser. If a clearance certificate is not obtained, the amount of withholding increases to 25% (or 50%) of gross proceeds. Amounts withheld are creditable against Canadian taxes payable by the non-resident seller. In the event that the withholding is excessive, a refund will be given on filing a Canadian federal tax return.

    In addition to the federal withholding tax, Quebec has a similar withholding tax regime on sales of Taxable Quebec Property. The general rate of withholding is 12% and can be higher for certain types of property.

    Non-residents are also subject to a 15% withholding on amounts received for services rendered in Canada. This withholding is also credited on the non-resident's Canadian income tax return and will reduce the tax due or result in a refund. In addition to the federal withholding tax, Quebec has a 9% withholding tax on services rendered in Quebec by non-residents of Canada.

    One thing I learned about royalties:
    http://bit.ly/13H6S8V;CN=
    They actually can be a good thing to own in your taxable accounts, which I didn't know. Which many look at Canadian royalties.

    DividendInvestorLA, I stand corrected. You are right, the 2013 updated rate stands at 25% but is recoverable at the end of the year. I read somewhere that the cap/limit of the tax credit cannot exceed taxes owed. So, that is what the limit is from my understanding.

    Anyone following NRP?
    Mar 7 05:17 AM | Likes Like |Link to Comment
  • Pengrowth Energy Reaffirms Its Commitment To Lindbergh Project And Its 10.5% Dividend Yield [View article]
    lucas,
    tho there is a limit, take your foreign tax credit and it is back to par.
    Mar 6 02:28 AM | Likes Like |Link to Comment
  • Pengrowth Energy Reaffirms Its Commitment To Lindbergh Project And Its 10.5% Dividend Yield [View article]
    lucas,
    take your foreign tax credit and you are back to par. in fact 5% ahead. with the tax treaty, it is only 15%, not the new 20%.
    Mar 6 02:28 AM | Likes Like |Link to Comment
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