Will I have take record of any dividends for tax purposes if I hold in my TFSA?

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Quick question about Pebmina Pipeline’s dividend: Listed from their anouncement on October 6th, “The Common share dividends are designated for “eligible dividends” for Canadian income tax purposes.”

Will I have take record of any dividends for tax purposes if I hold in my TFSA?

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Asked on November 5, 2020 1:06 pm
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Private answer

HI there,

Since Pembina is a Canadian company and if the shares are held in your TFSA, then there is no form to submit and nothing to keep track of - since there are no taxes on the dividends you receive. Pretty simple!

Mat

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Posted by Mathieu Litalien
Answered on November 5, 2020 1:20 pm
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