Proposed Republican tax change would lead to spike in costs for Canadians who invest in U.S. securities

Proposed Republican tax change would lead to spike in costs for Canadians who invest in U.S. securities

Investors who hold foreign securities – including from the U.S. – may have to pay a non-resident withholding tax on income

The tax changes proposed by the government will be discussed with the public and interest groups next week, Prime Minister Gintautas Paluckas says. According to him, the Ministry of Finance should present not only the proposed changes but also their potential impact this week. “We certainly did not discuss specific amounts. We talked about the fact that projects will be presented this week, which we will coordinate with the public and interest …