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 seen in the table below, qualified dividends are taxed at much lower rates than ordinary dividends, which can be taxed as high as 39.6%. For example, a taxpayer in the 35% tax bracket that receives $10,000 of ordinary dividend income would be on the hook for $3,500 of taxes. However, he or she would only owe $1,500 if the dividend income was classified as qualified dividends.