Q: In your answer to Barbara that appeared this morning, you reference that a Canadian who holds dividend paying investments could receive up to about $48000 tax free in income. Could you clarify this for me as I have heard that to apply, all of a persons income must be from dividends. Is this true? My wife and I have no employment income, but we do have a mix of dividends, interest, capital gains, and rental income. Trying to understand how this works.
Thanks!
Thanks!