How Withholding Taxes WORK in TFSA, RRSP and Cash Accounts! - (Must Watch for ALL Investors)

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Have you ever wondered how your stock market investments and dividend income are taxed when holding American securities? In today's video, we dive into the topic of American withholding taxes on dividends in a Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), and standard non-registered cash investment accounts. It’s extremely important that as an investor you understand how taxation on stocks and stock dividends work whether you’re investing in Canadian securities or American securities.

Like all forms of income that you generate throughout the year, income incurred from your investment accounts such as dividend income and appreciation in share value are considered income sources that needs to be accounted for on your income tax statements. However, like everything that has to do with taxes and investments, there are rules you need to follow and there are different ways that your taxes are affected, depending on the investments in question and the accounts utilized.

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