reclaimer - WHT applications Canada

Canada - Agents or Nominees residing in Switzerland

Zürich, Apr 2023

Under the terms of the agreement between Switzerland and Canada, Swiss banks can receive Canadian dividend incomes per se pre-exempt down to 15% withholding tax and acting in certain cases as second paying agent for the remaining 10% withholding tax. In such cases, the additional withholding tax must be paid to the Swiss FTA  and will be remitted to the Canadian tax authorities. If Swiss banks withhold the 10% Canadian withholding tax as a paying agent, different requirements arise in subsequent reclaim processes, as for non-Swiss banks. As the most modern withholding tax solution on the market, rɘclaimer naturally supports our clients in this area as well and enables Swiss banks to offer an optimal service to their clients.

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