Bullboard - Stock Discussion Forum Dividend Growth Split Corp T.DGS

Alternate Symbol(s): DDWWF | T.DGS.PR.A

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential, quarterly cash distributions and to return the original issue price of 10.00 per Preferred share to shareholders at maturity; and to provide holders of Class A shares with regular monthly cash distributions, targeted to be at least 0.10 per Class A share, and the opportunity for... see more

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Dividend Growth Split Corp > Another tax question

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Post by Bldwealth on Apr 21, 2022 5:25pm

Another tax question

Can anyone explain to my why the "taxable mount of eligible dividends" is so much greater than the "actual amount of eligible dividends." The dividend tax credit does not make up the difference. Just seems so strange to me.

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Comment by Kadiddelhopper on Apr 21, 2022 5:37pm

To create a credit for you to mitigate double taxing , you and the Corp that paid.the Dividend. It's complex, go to this website and it explains in the 1st couple of paragraphs. https://turbotax.intuit.ca/tips/the-federal-dividend-tax-credit-in-canada-332

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