Both our Co-op Rules (Rule 8) and the Canadian tax authority require Stocksy to withhold tax before issuing patronage to Stocksy contributors. The amount withheld is dependent on the country in which you reside and whether your country has a tax treaty with Canada. We will announce specific amounts to members along with the patronage details.
Why?
Patronage returns are treated as dividends in most jurisdictions, not as royalties, where tax withholdings are not required.
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