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.
As of the tax year 2016/17, this new calculation will be in place for calculating your dividend. There is no longer a 10% notional tax credit and an allowance of Â£5,000 tax free dividend allowance has been added to the system. The dividend tax rates for dividends that exceed the set allowance are: 7.5% of Dividend Income for income within the Basic Rate band of 20% 23.5% of Dividend Income for income within the Higher Rate band of 40%