RE:RE:RE:RE:RE:RE:RE:The question becomes?Here's the killer on the 50 cent dividend concept if it ever came about....
you buy 300,000 shares at 15 cents...so a $45,000.00 buy in....you wait for three to 5 years....5 years from now a new CEO....and they are sending out a 50 cent dividend......your shares are in your TFSA....so all the dividend income is TAX FREE....$150,000.00 per annum tax free....you don't even have to record or account for it.....lol....if it ever came to pass a lot of people would be either delighted..or ticked...and here's the other part of the equation......if they're putting out more units and with inflation that dividend would grow....Someone like George would be sitting pretty with 10 million shares and 5 million dollar dividend cheque every year taxed at 80% it would still give him 4 miillion in income......(to many shares to have been bought by his TFSA)...
old_dog