Did you know that Canadian dividends can lower your taxes? Yes, you heard that right. You can get paid to own dividend stocks and reduce your tax bill on other sources of income. This is like getting free ice cream and enjoying it too.
Canadian dividend-paying stocks give you a hefty tax break when you hold them outside of your tax-sheltered accounts like the TFSA, RRSP, FHSA, RRIF to name a few.
This content was first published on Danish Ghazi's YouTube Channel.