Trump takes charge, assertive but untested 45th US president. WASHINGTON (AP) â Pledging emphatically to empower America's forgotten men and women, Donald Trump was sworn in as the 45th president of the United States Friday, taking command of a riven nation facing an unpredictable era under his assertive but untested leadership.
Dividends paid by a publicly traded Canadian corporation to non-resident shareholders are subject to a 25 per cent withholding tax. The general rate of 25 per cent can be reduced if Canada has a tax treaty with the non-residentsâ country.
Starting in 1985, dividends would begin an 18-year period of being fully taxed at an individualâs income tax rate (the highest rate varied from 28% to 50% over this period). Then in 2003 the Bush tax cuts came into effect, thus lowering qualified dividend tax rates to 15%.