Quote:
Originally Posted by fleury
Thanks man! I'm personally not, so I'd fall into the first portion. The payouts from income trust payments is that considered interest?
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What specific security are you asking about? It really depends. As an example, REIT distributions are often a mix of return of capital (which isn't taxed but does reduce your cost base when you sell) and regular income.
If you're in a lower tax bracket dividends are really advantageous. You pay tax in your bracket, but the tax credit essentially assumes you are in the highest bracket. So the effective tax rate on eligible dividends is very low for people in lower brackets.