Canadian Withholding Tax
The following information is presented for information purposes only and is not intended to be, and should not be construed to be, legal or tax advice to any Shareholder of the Corporation. Shareholders should obtain independent advice regarding the income tax consequences of their investments from a qualified tax professional.
Valiant Trust, as Parkland's transfer agent, is required to withold the 15% non-resident witholding tax on all dividends paid to US residents. However, US investors who hold their shares in an IRA may be entitled to a refund, and should check with their US tax advisor. In the event that you are eligible, you will have to complete form NR7-R with the help of your tax advisor and submit it to the Canada Revenue Agency.
Form NR7-R