Id like to briefly share my experience with my favorite divided stock (SE) being purchased by a Company based out of Canada (ENB). My first dividend payout with the new company came this week and it was more than 50% smaller then normal disbursements. Due to an oversight on my part I never filed a W-9 with the new company after SE sold. Because of this, the Canadian company withheld 20% for Canadian Taxes and the U.S. withheld 25%. After inquiring I was informed that once everything is properly submitted that my dividend withholdings will only be 15% to the Canadians due to the Treaty they have with the United States. Lesson Learned
Submitted June 01, 2017 at 01:49PM by domesticatedllama http://ift.tt/2qFCr1y
