Foreign Tax Relief.pdf

Investment and insurance products offered through RBC Capital Markets, LLC are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested. RBC Capital Markets, LLC is registered as a broker-dealer and investment adviser with the U.S. Securities and Exchange Commission (SEC). The company offers foreign tax relief and reclamation services through a third-party vendor, GlobeTax, to help clients recover withheld taxes on international investments. GlobeTax provides two services: basic and full. The basic service determines the most favorable tax rate for foreign dividend or interest payments, with a 3% fee and $200 cap per payment. The full service allows access to additional markets and provides more favorable rates, with fees ranging from 3% to 35% depending on the account type and services provided. Clients can enroll in the basic service automatically or opt out, while the full service requires enrollment through a financial professional. Reclaimed dollars are not reported on Forms 1099 but are provided on the Tax Information Summary for informational purposes. Clients should consult their tax professional for additional information and to determine if past tax returns need to be amended.