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.
Unfortunately, taxpayers in the United States currently face a high tax burden on personal dividends income. The United Statesâ top federal marginal tax rate on qualified dividend income is 23.8 percent. U.S. states also tax dividend income at rates ranging from zero to 13.3 percent. Combined, the U.S. average top marginal rate is 28.6 percent.