After seeing the headlines about a 5 to 1 stock split I was very happy but I became a little worried when I read the full press release:
TFSA are subjected to a 15% withholding tax on dividends for US stocks. Are we at risk of losing 15% of the new issued stocks? That's... frightening to say the least.
Anyone have any experience with such "dividend" stock split? My post in the Investor thread.
Tesla IR said:Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020.
TFSA are subjected to a 15% withholding tax on dividends for US stocks. Are we at risk of losing 15% of the new issued stocks? That's... frightening to say the least.
Anyone have any experience with such "dividend" stock split? My post in the Investor thread.