Cardinal Energy Ltd (Alberta) T.CJ

An “Eligible Dividend for Canadian Income Tax purposes”

[Central1951]

What does this mean?

Is there special treatment for Cardinal dividends by CRA?

Ex dividend date is Jan 30th which is a Monday so is the latest we can buy to become a shareholder of record (Jan 31) THURSDAY JAN 26th
Looking for a swift reply because today is Jan 25

[DowopDowop]

As you can see from the diagram above, if you buy on the ex-dividend date (Tuesday), only one day before the date of record, you will not get the dividend because your name will not appear in the company's record books until Thursday. If you want to buy the stock and receive the dividend, you need to buy it on Monday. When the stock is trading with the dividend.  If you want to sell the

[JayBanks]

It's taxed differently (lower rate) on your tax forms than non-eligibles... I don't know how much less it is tho. I could be wrong but I believe it's because all its business it does is in with Canada... Someone with more knowledge could conferm these things if they are accurate... I would suggest jump in if your on the fence... unless there is a plunge in oil prices, I'm

[Luckyguy777]

The difference in tax rate for an "eligible" vs "other than eligible" will depend on the tax bracket you are in and the province of residence.  The highest eligible dividend rate is in Newfoundland @ about 45% and the lowest is Yukon at about 26%.  SK is the lowest province at just under 30%, Ontario's top rate on eligible dividends is near 40%.  Alberta'

[JayBanks]

Thank you, solid info. I knew someone better would have the actual facts lol It seems like it's something that we shouldn't really value all that much as small retail players as it's relation to us is likely quite small be it positive or negative to our personal tax situations. But likely notable for those that do their own taxes. I know I receive several different types of

[Kadiddelhopper]

Last day to buy-in to get the Divy is the day BEFORE ex-Div date   this month is Friday 27th..... EX means you are X'ed out of the Div eligibility for the current Div payment.

[Quintessential1]

The above posters are correct you have to buy the trading day before the ex-div to get the div. If the shares are held outside of a registered account the CRA gives a dividend tax credit for qualified stocks.  It will depend on your tax situation but a good rule of thumb is: Income 100% taxed Dividends 67% taxed Capital Gains 50% taxed No tax on TFSAs Full tax on RRSPs upon withdrawl

[geric]

Friday the 27th to get the div.