Dividend Tax Rant for DGI

[cannew]

In Canada we get a Dividend Tax Credit which offsets the tax on dividends. Another way for us to almost eliminate any possible tax on dividends, especially if one has DRIP's (as well as eliminating all fees), is to do an In-Kind transfer of shares, annually, into a Tax Free Savings Account (TFSA). TFSA allows one to invest tax free on growth, dividends, income and even when funds are withdrawn. Max contributions into TFSA is $10,000 per year.