Cross-Border Tax Estimator for Canadians.
What a US dividend leaves you after US withholding and, in a taxable account, Canadian tax. Treaty-aware: RRSP/RRIF (exempt under the treaty), TFSA and RESP (15% withheld with a W-8BEN, not recoverable), and taxable accounts (15% withheld, credited against Canadian tax).
— Take-home after US and Canadian tax
$1,000.00
Gross dividend$1,000.00
US withholding rate0%
US withheld$0.00
Canadian tax before creditn/a
Cdn foreign tax credit (FTC)n/a
Canadian tax payablen/a
Total tax$0.00
Effective tax %0.0%
Methodology: US dividends in an RRSP or RRIF are exempt from US withholding under Article XXI(2) of the Canada–US tax treaty; the exemption applies to the account, not to your W-8BEN. A TFSA or RESP gets no treaty exemption: 15% is withheld with a W-8BEN on file (30% without), and it cannot be credited because Canada does not tax income earned inside the account. In a taxable account, US dividends get no Canadian dividend tax credit, so they are taxed at your marginal rate; the foreign tax credit (FTC) is the lesser of the US tax withheld, 15% of the dividend and the Canadian tax on it. Withholding above 15% is not creditable; the calculator deducts it from the income, as ITA s.20(11) allows. Canadian figures are shown in US-dollar equivalent. This calculator excludes §871(m) for dividend-equivalent payments on US derivatives — those follow different rules.
Not tax advice. Consult a cross-border CPA. Inside the app, Quinn can check the US wash-sale and Canadian superficial-loss rules against your holdings, including the dual-listed trap.