Withholding Tax on Dividends Costs Canada up to $2.6 Billion in Foreign Investment Annually

In Research by Michael Rae

Ottawa, –Canada’s efforts to attract foreign direct investment (FDI) are held back by a withholding tax of up to 25 per cent on dividend payments to non-residents. Eliminating this tax would increase inbound FDI by $2.6 billion per year, according to a Conference Board of Canada study from