lt cap,

Every ADR (foreign based stock) I've owned nicks me for their country's taxes, and send what's left of the dividend to me. I'm not sure what Canada charges  (SLW, ABX, etc.), but my experience with Euro stocks, as I said earlier, has been in the range of 25-30%. The IRS *does* allow that such taxes be deducted from your taxes, that is, before the IRS taxes that dividend. I'm not sure that the foreign tax write-off is offset against your stock capital gains, but it would make sense for that to be the case.