Nestle Foreign Withholding Tax (OTCMKTS:NSRGY)

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SkaSka
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Nestle Foreign Withholding Tax (OTCMKTS:NSRGY)

Post by SkaSka »

I was wondering if anyone owns the ADR form of Nestle (OTCMKTS:NSRGY) and can confirm what the foreign withholding tax on the dividend is when held in:

1. RRSP
2. TFSA
3. Non-registered account

I've read enough bits and pieces around the web and I think I understand what the foreign withholding tax is: 35% in a TFSA, 20% in a RRSP, and 20% in a non-registered account if applying the foreign dividend tax credit.

I think what I understand is that the Swiss apply a 20% tax on the dividend off the bat, which is only partially recoverable if one goes through a bit of a complicated process applying for a refund through the Swiss government.

Since the ADR is based in the US, sponsored through Citibank, there is another 15% foreign withholding tax applied by the US government, making the total 35% before appropriate reductions based on what account NSRGY is held in?

Anyways, would appreciate hearing from real world examples what the true foreign withholding tax on NSRGY is.
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