Hey guys, just thought I'd make a quick video to explain how to determine if your W-8 BEN E form is working. When you feel it, the W-8 BEN E form helps to avoid being taxed twice. If you hold ATF's or shares domiciled in the U.S., you'll have to pay Uncle Sam some tax. However, the W-8 BEN E form is meant to prevent double taxation due to the tax treaty between the United States and our country. This video aims to show and explain how to identify if the form is being applied correctly. Here's what you need to do: go to your register (mine is Computer Shares), log in to the Investor Center, and navigate to the dividends and payments section. I have three funds, including the U.S. Total Market Shares Index ETF with the code BTS, which we will examine. I also have the same with the VEU VA S, but you don't have to worry about it as it's domiciled in Australia. Recently, I received a dividend payout and I want to click on "more details" to delve deeper into the matter. When I click on "more details," I am directed to a screen where I can determine how the form is being applied. Here, you'll find the franked amount, which I believe is in USD currency, and the withholding tax amount. The withholding tax amount is crucial. To ensure that the form is working, you need to calculate the percentage of the withholding tax to the unranked amount. It should be 15%. If you haven't filled out the form, they will deduct 30% from you. However, with the form filled out and properly applied, the withholding tax should be 15%. There are additional details, such as the amount paid in AUD, but the focus is on...
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