Is this not subject to the province you live in and your income level?TuxedoBlack wrote: ↑ He also merely glossed over the massive tax advantage that we get with Canadian dividend-paying stocks.
Looking at TaxTips:
- In NL, if your income is over $50,197, capital gains are taxed at a lower rate, under that dividends.
- In MB, if your income is over $74,416, capital gains are taxed at a lower rate, under that dividends.
- In ON, if your income is over $100,392, capital gains are taxed at a lower rate, under that dividends.
- In AB, if your income is over $131,220, capital gains are taxed at a lower rate, under that dividends.
I'm far from an expert in this area, if I'm wrong please correct me, so I know for the future.