Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 28.01.2015, 18:43
MrVertigo's Avatar
Forum Legend
 
Join Date: Feb 2010
Location: CH
Posts: 3,153
Groaned at 83 Times in 69 Posts
Thanked 5,609 Times in 2,189 Posts
MrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond repute
Stock in USD and dividends in CAD?

I have shares of a canadian company listed on NYSE. I manage these shares through Postfinance with USD as main currency.
I was surprised to receive the dividends in CAD on a CAD post finance account. Is that normal?
The good thing is that there is only 15% tax instead of 30% for US companies. But I would like to have everything incl. dividends in USD. Is that possible?
Reply With Quote
  #2  
Old 28.01.2015, 19:11
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 14,374
Groaned at 213 Times in 185 Posts
Thanked 11,725 Times in 6,604 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Stock in USD and dividends in CAD?

Quote:
View Post
I have shares of a canadian company listed on NYSE. I manage these shares through Postfinance with USD as main currency.
I was surprised to receive the dividends in CAD on a CAD post finance account. Is that normal?
The good thing is that there is only 15% tax instead of 30% for US companies. But I would like to have everything incl. dividends in USD. Is that possible?
Ask PF , US companies only have 15% dividends withheld if you are a non US person, however if it's held in CH then there is an additional 15% withheld. Best to hold in a Schwab or TD Ameritrade account, much cheaper transaction costs for buying or selling.
Reply With Quote
Reply

Tags
currency, dividends, post finance, shares




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
stock options and restricted stock units naza Finance/banking/taxation 2 15.11.2013 17:24
Doubts about interests and dividends earned abroad gsmaster Finance/banking/taxation 12 21.02.2013 14:34
3D CAD and Graphics Charge Out Rates Gully Business & entrepreneur 2 13.01.2012 09:10
USD into Switzerland: USD-CHF-USD Scott Finance/banking/taxation 6 17.07.2008 11:09


All times are GMT +2. The time now is 04:34.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0