RE:RE:RE:Showing strengthpierrelebel wrote:
The dividends received from DIV are "eligible" to the dividend tax credit (in Canada)
Main are not:
"The final determination of the tax attributes for dividends each year are made after the close of the tax year. The final tax attributes for 2024 dividends are currently expected to include a combination of ordinary taxable income and qualified dividends and may include capital gains and return of capital."
Difficult to compare the two. It is like apples and oranges.
Don't worry I am constantly watching Trudeaudick. Taxes from MAIN is not my shitt as of now. I bought it for my wife SDRSP since she doesn't have any pension accept small CPP and OAS. Besides getting tax refund the idea is when she retires to liquidate/ withdraw all her RRSP back to cash under tax exempt which is $ 15 000 these days. To liquidate as much as possible. RRSP is not the best for inheritance , it is subject to tax. Remember the first gets paid government than lawyers before beneficiaries. Also dividends in RRSP accounts are not subject to withholding tax plus they are tax free before withdrawal.