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  5. BEPC: Good morning What is the difference between these two and which is more tax efficient in a non registered account? [Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares]
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Q: Good morning
What is the difference between these two and which is more tax efficient in a non registered account? Are the dividends basically as safe in either ?
Thanks
Jeff
Asked by JEFF on March 18, 2024
5i Research Answer:

BEPC is a 'paired' company to BEP.UN and is 'economically equivalent'. The difference is BEP.UN is a limited partnership and thus taxes on distributions can vary and may include a combination of interest, foreign income and capital gains. Dividends on BEPC get the full dividend tax credit as it is set up as a Canadian corporation, not a limited partnership. Thus, for most investors, BEPC is more tax efficient in a non-reg account. 

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