There are various tax consequences associated with the ownership of stock.
Dividends
Because of the dividend tax credit, an individual receiving dividends from a Canadian resident corporation is subject to tax at a favourable rate. Dividends are taxed anywhere from 14 % to 17% lower than ordinary income, for an individual in the highest marginal tax bracket, [...]
January 13th, 2004 | admin | 0 comments | Continued

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