Boyd Group Services Inc. is a Canadian company that is considered a qualified foreign corporation as a result of the U.S. and Canada tax treaty. In addition to dividends being paid by a qualified foreign corporation the shareholder must satisfy certain stock holding period requirements. For common stock, shares must be held for more than 60 days throughout the 120-day time period, which begins 60 days before the ex-dividend date. Qualified dividend classification needs to be reviewed on a shareholder-by-shareholder basis and performed by their investment institution.