Insights From ETFs Dividend Tax Credit for Eligible Dividends

Under Canadian income tax, the dividend tax credit is an important feature allowing eligible Canadian taxpayers to reduce tax liabilities on eligible corporate dividends, including both federal and provincial tax liabilities. In this article, we examine the concept of dividend tax credit in Canada, its purpose, eligibility requirements, and tax implications. What is the Dividend Tax Credit? A dividend tax credit is a way for Canadian taxpayers to reduce the amount of taxes owed on...