Canadian tax code absolutely nuking $STRC yields

Treated as ordinary foreign income = full marginal rates. No dividend tax credit like Americans get.

Then add US withholding tax on top.

Result? ~50% of your yield evaporates to tax authorities.

This is why geographic arbitrage matters in yield plays. Same asset, wildly different after-tax returns depending on your passport.

If you're Canadian and chasing yield, you need to factor in the structural disadvantage before aping in.