RE:RE:RE:RE:Zero sum gameTake a look at the Common share document details for 2022, likely 2023 will be comparable, you can find it on the Quadravest website for FTN.
I will add a screenshot below.
It shows that the monthly dividend is composed of 2 amounts, 1 for Eligble dividend the majority and 1 for Capital gains dividends.
This latter one requires some deeper understanding of 'Corporations investing money'. When a Corp invests and makes capital gains, 50% of these capital gains are 'added to a CDA account'.
CDA stands for Capital Dividend Account. The Corp can 'transfer' these CDA amounts exempt from taxes to the shareholders.
Now if you invest inside a TFSA, there wouldn't be any added value, since all receipts inside the TFSA are free of tax. But if you invest in a personal investment account or in your own corporate investment account, these CDA 'payouts' are tax free receipts.
So you should only report the received Eligble dividends amounts on your T1 or T2 (corp) or T3 (trust), not sure if there are other T numbers.
So what this means is you actually are getting a better 'net yield' as only the Eligble divi's will be subject to tax and not the capital gains dividends.
For sure, take my info as something 'interesting' and get your true info from a tax accountant, but it should be the same. Note if your tax accountant has never done a corporate tax return that includes investment results, just contact CRA yourself.
Regards,
AXPRO