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.
Dividends that are paid by Canadian companies to U.S. residents will also have the benefit of that low rate, except that they 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 from 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 concern 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
...[+++].