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Chevron Corporation (CVX)
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Suncor Energy Inc. (SU)
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Canadian Natural Resources Limited (CNQ)
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Hess Midstream LP Class A Share (HESM)
Q: Between these 2 stocks, both with good growth and dividends, would you prefer for a long term hold. Are their dividend taxed differently in Canada?
Is there another CDN or US stock you prefer to these two?
Is there another CDN or US stock you prefer to these two?
5i Research Answer:
HESM is a US limited partnership, and has VERY onerous tax implications for Canadians, including a 10% tax on disposition proceeds (not gains, but disposition amount). Tax on distributions can also be as high as 35%. CNQ would be far, far preferred here. We would also suggest SU. For US exposure, CVX.