I am talking about Cenovus energy:TSE:CVE
It trades on both NYSE and TSE. If I buy it on TSE and pay in CAD, in my TFSA, do I still pay the 15% withholding tax, that cannot even be recovered using foreign tax credit?
I think yes, because all US stocks/ETFs trading in TSX are subject to this tax, but just want to confirm.
Basically I am looking for some high yield stocks in my TFSA and I don't want to lose money paying withholding taxes. Defeats purpose of TFSA.