Hello,
Do you have any advice on how to approach Tax Season in regards to dividend income?
I hold dividend stocks in a TFSA, RDSP, and will soon be holding dividend stocks in a regular trading account through my bank.
I’m very new to the tax penalties on Dividends and want to know as much as I can when it comes time to do my taxes.
I’m currently 100% invested in Canadian dividend stocks because it’s my understanding that the Canadian tax laws favour Canadian dividends over U.S. or international Dividends. Is this true?
What advice do you have based on your own experience on how to handle dividends and taxes?
I’ve been a member since your cyber Monday sale and I’ve enjoyed it so far. You’re very informative.
Many Thanks!