When you hold shares of a public corporation, you become a shareholder of that company. When that company makes a profit, it has two choices, either to keep that profit within the company for future requirements or give away some part of it to shareholders. So, when a company distributes its profit among its shareholders, the amount is termed as a dividend.
You can read more about dividends on this Canada Revenue Agency (CRA) webpage: Lines 12000 and 12010 – Taxable amount of dividends from taxable Canadian corporations
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Dividends are payments that you, as an investor, receive as a share of a corporation’s earnings. Some of the dividends you receive may be eligible dividends, while others may be called ordinary, or ineligible dividends.
For more information, please see our TurboTax article. What Is an Eligible Dividend in Canada?
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Dividends are a portion of a company's earnings which it returns to investors, usually as a cash payment. The company has a choice of returning some portion of its earnings to investors as dividends, or of retaining the cash to fund internal development projects or acquisitions.
You can add dividend to your return by following these steps:
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