8. Service Benefits
Introduction to Withholding Tax Recovery |
|
- 1. Foreign Dividend Withholding Tax
- 2. Double Taxation Treaties
- 3. Qualifying for the Treaty Rate
- 4. Relief at Source
- 5. Post-Payable Reclaim
- 6. Entity Types
- 7. About GlobeTax
- 8. Service Benefits
- About GlobeTax
- Aggregate Performance Benefits
- Opaque vs. Transparent Entities
- Popular Foreign Securities
- Relief at Source vs. Post-Payable Reclaim
- Tax Rates
- Withholding Tax Recovery Benefits Visualization
Service Benefits
So why go through these complicated processes? The biggest benefit of the service is boosting portfolio performance.
When compared to an EAFE index of the 100 largest global companies, investors can add 22-55 basis points to annual portfolio performance, risk free. A visualization of these aggregate performance benefits can be found here.
It is a major differentiator that RBC offers tax recovery services, as not all banks do. To maximize the benefit, it is recommended that clients consolidate all of their holdings into their RBC account to ensure all positions are benefitting from tax reclamation.
In many instances, tax reclaim is the only way that an investor can maximize portfolio performance. Foreign tax credits are not always available. In the United States, for example, the IRS prohibits taking a tax credit for any amount recoverable through treaty mechanisms. It is recommended that clients talk to their accounts or tax specialist for more information.
All Tutorials | Privacy Policy
©️ 2024 GLOBE TAX SERVICES, INC.