What is the dividend withholding rate between Canada and Turkey?
Under the Canada-Turkey tax treaty, the withholding rate on dividends is 20% for portfolio investors (general rate). A reduced rate of 15% applies when the beneficial owner is a company holding a qualifying ownership stake (typically 10% or more of voting stock). Note that the reduced rate requires the recipient to file the appropriate treaty benefit claim form before payment. This 20% rate compares to a median of 15% across Canada's 51 active treaty partners, and 15% across Turkey's 37 active partners.
Network Comparison
Canada
Rank 49 of 51 active treaties (lowest rate = #1)
Lower rates with: United States (15%), Vietnam (15%), South Africa (15%)
Higher rates with: Brazil (25%), India (25%)
Turkey
Rank 36 of 37 active treaties (lowest rate = #1)
Lower rates with: Sweden (15%), Singapore (15%), Belgium (20%)
Higher rates with: United States (20%)