Q: Thanks for your RRSP & LIRA information
Please advise how do I check which CDN dividend stocks are eligible. I am in Ontario.
1) Currently I own TD, BNS do they qualify.
2) Do all the stocks in Income portfolio qualify
3) Please share few examples or website that has the list of stocks.
Your answer ( If a Canadian owns ONLY Canadian dividend stocks with eligible dividends, they can earn $48,000 or so completely tax free (the amount varies by province)
Thanks for your support and advice
Please advise how do I check which CDN dividend stocks are eligible. I am in Ontario.
1) Currently I own TD, BNS do they qualify.
2) Do all the stocks in Income portfolio qualify
3) Please share few examples or website that has the list of stocks.
Your answer ( If a Canadian owns ONLY Canadian dividend stocks with eligible dividends, they can earn $48,000 or so completely tax free (the amount varies by province)
Thanks for your support and advice
5i Research Answer:
Most Canadian corporations will be eligible. Income trusts, REITs and mortgage investment corporations typically are not. We do not know of a website that lists this info, but if it is a regular Canadian domiciled corporation it likely is eligible. We are happy to help. TD and BNS certainly qualify. For ETFs it depends on what they own. Some may only partially qualify. In the income model, DIR.UN, XHY, ZRE do not qualify. BEP.UN does not but its paired company BEPC does.