Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

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Cardinal Energy Ltd (Alberta) > An “Eligible Dividend for Canadian Income Tax purposes”

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Comment by Quintessential1on Jan 25, 2023 2:01pm

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Post# 35245791

RE:An “Eligible Dividend for Canadian Income Tax purposes”

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.

GLTA

Central1951 wrote:
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