Strategy Articles

How to withdraw tax free from your RRSP. Using a combination of the Dividend Tax Credit and the personal basic amount non-refundable credits you can avoid paying taxes on your RRSP withdrawals. The amount you can withdraw depends on the province you reside, other taxable income you have and the amount of dividend tax credit from your investments.

How to Earn up to $50K Tax Free in Canada. Depending on the province, it’s possible for an individual with no other sources of income to earn around $50,000 in dividends without paying any tax at all. This amount varies by province due to the make up of the Dividend Tax Credits.

What is the dividend tax credit and what it means for Canadian investors. The credit was introduced by the Canadian government to avoid double taxing dividends. It applies to dividends paid to Canadian shareholders from Canadian Corporations. The credit is made up of a federal and a provincial component, as a result the final credit differs among provinces.

Here is a List of Canadian Perpetual Preferred Shares. Perpetuals have no maturity date and pay a fixed dividend. Dividend is declared and paid quarterly for the life of the preferred. Holders of perpetuals as with any preferred, have no voting rights.