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If you’re new to the channel, we are stocktrades.ca, one of the largest Canadian investment websites with over 1.8 million visitors a year. Dan has been a self-directed investor for more than 13 years and has completed his Canadian Securities Course. Mat has an MBA and has been a self-directed investor for over twenty years. Our goal is to help investors make smarter, more confident investment decisions by providing research, strategies, case studies, and more.
If you're looking to figure out how your dividends are taxed in Canada, you'll want to have a watch of this video. This is by far the most in-depth analysis on the Canadian dividend tax credit, dividend gross up, eligible vs non eligible dividends and more.
Even if you only have tax sheltered accounts like the RRSP or TFSA right now, it still doesn't hurt to learn how the dividend tax credit works here in Canada, and how you can one day take advantage of it to earn passive income from Canadian corporations that is also tax beneficial.
**Of note, this video was meant to be for educational purposes only. Some tax calculations are complex, and highly dependent on your current situation. As such, it's always best to get a qualified accountant to look over your overall situation**
If you're new the channel, Daniel Kent has over a decade of self-directed investment experience and has completed the Canadian Securities Course. He is an avid investor in small-cap Canadian growth stocks and Canadian dividend growth stocks.
Mathieu Litalien holds an MBA, and is a self directed investor with over 20 years of experience investing in the Canadian and US markets. He is also an avid small-cap Canadian growth investor and DGI investor.
In this video, we'll explain the complex situation that is dividend taxation here in Canada. Lots of Canadian dividend investors get confused with how dividend gross up is calculated, and they actually think they're getting non preferential tax treatment on their Canadian dividends.
However, this isn't the case and the Canadian dividend tax credit is put in place to allow Canadian investors to get an advantage when it comes to the taxation on dividends they receive.
If you're looking for our written article on how dividends are taxed in Canada, just click below:
[ Ссылка ]
How Dividends are Taxed in Canada - Dividend Tax Credit & Gross Up Explained Chapters;
00:00 - Introduction
01:14 - Why it's Important To Understand The Dividend Tax Credit
02:06 - How Dividend Taxes Stack Up Vs Interest Income & Capital Gains
03:30 - Going over The Dividend Tax Credit
04:24 - The Dividend Gross Up Explained
05:32 - Eligible Dividends vs Non Eligible Dividends
06:04 - Calculating Dividend Gross Up
06:56 - Calculating The Dividend Tax Credit
08:30 - This Section Will Clear Up Any Confusion
12:55 - The Best Part About The Dividend Tax Credit
15:33 - The Dividend Tax Credit With REITs, Split Corporations and Income Funds
16:27 - Advanced Taxation is Best Left With An Accountant
16:57 - Wrapping it Up
