Dividends that are paid by Canadian companies to U.S. residents will also have the benefit of that low rate, except that the
y have adjusted the foreign tax credit system, which means effectively, because of the 15% withholding tax, that when a dividend is paid from Canada to the U.S., the U.S. resident will not fully benefit f
rom his foreign tax credit and as a result will generally have a higher rate of tax on his Canadian-source dividends than he would on his U.S.-source dividends. Our conce
...[+++]rn is that U.S. residents particularly may now start to look at their investment portfolio and say they have a preference really for a U.S. company.
Ce que nous craignons, c'est qu'en fait les résidents des É.-U., en particulier, entreprennent désormais de revoir leur portefeuille de placement et se décide pour des investissements dans les entreprises des É.-U. Dans notre cas, je vais peut-être vouloir investir dans Bell South, Verizon ou SPC de préférence à BCE.