Q: Hi
Is any part of the monthly distribution a return of capital? Or is it all dividend?
Does it all qualify for the Dividend Tax Credit or is it deemed Interest?
Thanks
Is any part of the monthly distribution a return of capital? Or is it all dividend?
Does it all qualify for the Dividend Tax Credit or is it deemed Interest?
Thanks
5i Research Answer:
FRU issues a dividend on a monthly basis, which it designates as "eligible dividends" for Canadian income tax purposes.