From: atbowler@thinkage.ca   
      
   On 2015-05-22 8:50 AM, tatarewicz@gmail.com wrote:   
   > "RRSP's however are a good place to hold most foreign stocks   
   > generally (when there is a tax treaty), you do not pay any foreign   
   > taxes."   
   >   
   > And none withheld by foreign payer?   
      
   As long as that is in the tax treaty, which it is for the USA.   
   However, check that your broker does to the appropriate paperwork   
   to ensure that they are no withholdings.  They always do this for   
   US stocks, but not always for other countries.   
   An article in the Globe said that it is possible to file   
   the paperwork yourself, but that is likely a pain.   
      
   Note that there is no withholding tax on UK stocks in or out of an RRSP.   
      
    > Same would be true for foreign stocks in RIF accounts?   
      
   Yes it is true for RRIFs, but not TFSAs or RESPs.   
   >   
   > You probably are aware that: "Every person who fails to report an   
    > amount required to be included in income,   
   > and who has failed to report such amount on a return for any of   
    > the three preceding taxation years, is liable to both a federal   
    > and provincial/territorial penalty each equal to 10% of the amount   
    > that must be included in income." Thanks for the info.   
      
   However, this does not apply to stocks held in an RRSP.   
   I presume this is because it is assumed that the tax is sure to   
   collected when the money is eventually withdrawn.   
      
   I still don't understand why T1135 is needed for foreign stocks   
   in a Canadian brokerage non-retirement account.   
      
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