In this episode, we break down how dividends are taxed in both the US and Canada. We’ll compare the tax rates for dividends with those for capital gains and income, giving you a clearer understanding of how these income streams are treated by the tax authorities.
I’ll also cover the following key topics:
- What are dividends, and why do they matter?
- How retirement accounts work in Canada
- A look at Canadian tax rates and how they impact you
- How you could earn $70K per year in dividends in BC and pay no income tax
- The ins and outs of retirement accounts in the US
- A breakdown of US tax rates and what they mean for your wallet
Whether you’re a Canadian or an American, understanding how dividends are taxed can help you make smarter financial decisions. Tune in to get the facts and learn strategies that can potentially save you money.
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