Canada has 25% withholding tax, not 15%. A refund is complicated and expensive (if then only possible with custodian bank; if the offers this).
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@DusselDuck Various brokers offer the automatic advance exemption. Is actually quite uncomplicated. I mean at DKB for about 10€. So that can be worthwhile quickly times.
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@TheAccountant89 I think Canada only at comdirekt? (But I'm not quite sure)
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@DusselDuck I set it up myself at DKB. It cost me €11.99 @TheAccountant89. "Nothing expensive and complicated". I guess you wrote that out of your ignorance @DusselDuck? Ultimately, it is only the way you know.
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@Simpson Why are you "liking" this? That's only half the truth. I have had the withholding tax reduction at DKB reduced to 15%, which I then get back via my income tax return.
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@Kohlmeyse well that means paperwork in addition costs a fee, and as far as I know it is only limited to 3 years 🤔 just want to have it and will continue to invest only in 🇺🇸🇬🇧🇩🇪🇳🇱🇵🇰🇯🇵
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@Simpson the effort is minimal and so are the costs. But well, if it already fails at that, then it should not be. The three years are not the case for all countries. Only for those with a certificate of residence. Everyone must know for themselves. ✌️
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@Simpson with Japan, by the way, you can be completely exempt from withholding tax 😉 .
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@Kohlmeyse Because of ignorance: 1. didn't you write before that it is 15% withholding tax in Canada? 2. you know the difference between advance exemption and refund? I had written about refund. And this is definitely in the case of Canada: complicated and expensive.
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@DusselDuck before I go the way of the refund, I rather apply for a reduction and this is 1. not expensive and 2. uncomplicated. If you always outline only the difficult / elaborate way, then I would of course also leave the fingers of such investments. Sorry, was just the impression that arises when this reference remains far 😉 I am always very direct. That's just my way. Please do not take it personally. ✌️
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•@Kohlmeyse passt.
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