are a trap! BMO is losing share price rapidly setting new lows, destroying investors portfolios
Canada withholds 15% on dividends.. will appear as foreign tax paid on 1099 tax schedule.. Bank of Canada cut interest rate by 1/4% recently, so CAD is at 6 year low.. Central Bank said Canada is in a recession.Also the DXY is soaring.. and Oil is tanking.. all these are big negatives for Canada stocks especially if held by US citizens.
it could be worse... and be a Pengrowth Energy, PGH, which always declines in price and rarely increases over the long term.
looks like falling Canada dollar , rising U.S. dollar causing price drop. Bank of Canada lowered interest rate by a quarter% today stating Canada is in a recession mostly due to big drop in oil price over past year. all of my Canadian holdings are well beyond correction territory.. will have to ride this out, losses are to big to take at this time
you still report dividend income but when filing your Federal Tax return you will need to use Form 1116. you claim a foreign tax credit on those taxes paid..
and this short week isn't over yet. There goes a 1.5 years worth of dividends. How many times will this #$%$ get a beat down over a 52 week period?