U.S. dividends received in non-registered or tax-free savings accounts will experience a 15% withholding tax.
So, the registered retirement savings plan (RRSP) is the best account to buy and hold discounted dividend stocks such as Wells Fargo & Co (NYSE:WFC), Amgen, Inc. (NASDAQ:AMGN), and American Hotel Income Properties REIT LP (TSX:HOT.UN).
Why is Wells Fargo a bargain today?
Wells Fargo is one of the largest banks in the U.S. The bank’s share price has declined more than 18% from its 52-week high of US$58 to below US$47 per share. Read More…