Canadian Dividends and the Dividend Tax Credit
The following post is written by Brian So, an insurance advisor and blogger at briansoinsurance.com. While my previous posts focused on the impact of withholding tax on dividends paid from the US and foreign companies, I realize that most people have a high concentration of their portfolio in the Canadian market. Therefore, to wrap up my mini-series on dividends, the last topic will be on dividends paid by Canadian companies. Don’t worry, there won’t be any complex withholding tax rules discussed in this post. Dividends are payments made by corporations to their shareholders. Because dividends are paid out of after-tax …