I just received dividends from my 10X Total World Feeder ETF (TFSA) and was taxed at about 30% on the global dividends, Satrix MSCI World ETF doesn't distribute dividends, would this mean that there is no tax implication on these essentialty meaning I save the 30% because they don't pay out the tax or does it just mean that the dividends are taxed in the hands SATRIX and reinvested into the fund?
UPDATE:
Easy Equities responded to my question about the 30% being incorrect:
This is a foreign dividend with foreign tax the DTA doesn't apply.
DTA applies if it's a foreign dividend and local tax is being charged.
Investopedia does say:
Nonresident aliens are subject to a dividend tax rate of 30% on dividends paid out by U.S. companies.
So seems to be correct.
But the question then remains do accumulating funds pay less tax or no tax on dividends
UPDATE:
Easy Equities responded to my question about the 30% being incorrect:
This is a foreign dividend with foreign tax the DTA doesn't apply.
DTA applies if it's a foreign dividend and local tax is being charged.
Investopedia does say:
Nonresident aliens are subject to a dividend tax rate of 30% on dividends paid out by U.S. companies.
So seems to be correct.
But the question then remains do accumulating funds pay less tax or no tax on dividends