U.S. withholding tax in an RRSP for Canadians - MoneySense
U.S. stocks are generally subject to 30% withholding tax on dividends for non-residents. For qualifying Canadian residents, the tax can be reduced to 15%. In a registered retirement savings plan (RRSP) the tax is reduced to 0%. In non-registered and tax-free savings accounts (TFSAs) the reduced 15% rate generally applies. If excess tax is withheld, it can be recovered. It can be recovered.