I have been told that Canada no longer withholds a deemed tax (15%) on royalty trusts held in an American IRA. I used to be able to buy royalty trusts (Canadian MLP's) inside My IRA but a couple of years ago they started withholding 15% of the distribution. Inside an IRA there was no way to receive credit on US taxes so the party was over. I understand this regulation has been rescinded. Comment??
- posted
13 years ago