Canadian pension plans facing unexpected taxes in EU countries: PIAC

Canadian pension plans are facing unforeseen taxation of dividends in European Union countries like Germany and the Netherlands, said the Pension Investment Association of Canada. In an open letter, the PIAC said its members have endured a discriminatory dividend taxation relative to settled European tax law and the free movement of capital within the EU over the last decade. “Canadian pension plans are seeing discriminatory and distortive taxation, resulting in penalties from broad applications of the ‘free movement of capital provision’...