Q: I have recently retired and am pondering investment options. Your answer to the question from Brian on Feb. 6 piqued my interest:
"you may find it advantageous to have more Canadian dividends, if you can utilize the dividend tax credit to its full advantage (you can earn about $48,000 tax free if your ONLY income is Canadian dividends".
Could you expand/explain more thoroughly about tax free dividend income? Thanks, Larry
"you may find it advantageous to have more Canadian dividends, if you can utilize the dividend tax credit to its full advantage (you can earn about $48,000 tax free if your ONLY income is Canadian dividends".
Could you expand/explain more thoroughly about tax free dividend income? Thanks, Larry