Apologies if this is the wrong place to ask. I'm a 25 year old South African expat living in Dubai and I'm interested in beating the 1.5% offered by my savings account on the money I have here. 0 Debt and a bit of money to move around.
The available platform for me is essentially Interactive Brokers or eToro, and the more passive Sarwa. Well aware of the fees involved in either platform, but the question for me is regarding tax on United States/Canadian/Irish based funds and stocks when purchased on these platforms.
- I suppose Irish domiciled ETFs are the way to go to avoid 30% dividend taxes imposed by the US, so that's no issue, but is estate tax something to be concerned of should anything happen to me? Is anyone in a similar situation that can recommend to me the path to take on this? I'm worried about pumping money in the wrong direction and finding out a bit too late.
If I were to purchase stock on the NYSE using Interactive brokers, does anyone know the implication on dividends for non-US investors? Does the 30% tax apply as well?
If I were to purchase stock on the TSX using Interactive brokers, does anyone know the implication on dividends for non-Canadian investors?
Does anyone have any recommendations of research to do or can point me in the correct direction?
Thank you,
Liam