Islander58 Posted June 30, 2023 #1 Share Posted June 30, 2023 Hi, sorry if this has been asked before but it never mattered to us before. Are there tax implications to Canadians buying Carnival shares? We are 4 star and are driving less and plan on cruising more! The OBC offer sounds great but we are wondering how it is for Canadians? thanks, Mary Lynne Link to comment Share on other sites More sharing options...
PACD_JG Posted June 30, 2023 #2 Share Posted June 30, 2023 Is there any country that isn't going to tax you on foreign investments? 🤷♂️ Link to comment Share on other sites More sharing options...
Rare kazu Posted June 30, 2023 #3 Share Posted June 30, 2023 12 minutes ago, Islander58 said: Hi, sorry if this has been asked before but it never mattered to us before. Are there tax implications to Canadians buying Carnival shares? We are 4 star and are driving less and plan on cruising more! The OBC offer sounds great but we are wondering how it is for Canadians? thanks, Mary Lynne Yes there are tax implications unless you can get it in an RSP, RIF or TFSA. Last time I looked it was 15/25% on the dividends I think but right now dividends have been suspended. There are always tax implications on foreign investments outside of our tax protected vehicles. My holdings are tax protected in one of the vehicles I mentioned above. Link to comment Share on other sites More sharing options...
rodndonna Posted June 30, 2023 #4 Share Posted June 30, 2023 1 hour ago, kazu said: Yes there are tax implications unless you can get it in an RSP, RIF or TFSA. Last time I looked it was 15/25% on the dividends I think but right now dividends have been suspended. There are always tax implications on foreign investments outside of our tax protected vehicles. My holdings are tax protected in one of the vehicles I mentioned above. Ours are held in a non-registered account, but as you say no tax implications to date with no dividends. If and when they reinstate dividends, it will still be peanuts from a tax perspective for 100 shares. 2 Link to comment Share on other sites More sharing options...
colin v Posted June 30, 2023 #5 Share Posted June 30, 2023 Follow my strategy Buy high sell low. Problem solved. 4 Link to comment Share on other sites More sharing options...
Florida_gal_50 Posted July 1, 2023 #6 Share Posted July 1, 2023 1 hour ago, colin v said: Follow my strategy Buy high sell low. Problem solved. That seems to be my strategy too 😉. Link to comment Share on other sites More sharing options...
Islander58 Posted July 1, 2023 Author #7 Share Posted July 1, 2023 Thanks for the suggestions! Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now