I'm looking to expand my exposure to Canadian banks, specifically looking at CIC.TO which has a dividend yield of about 6.8% and an expense ratio of .8%.
I'm assuming CIC.TO has higher yields than the individual banks it holds since it makes a premium selling covered calls. My question is if all, some, or none of the dividend it pays out is eligible for the Canadian dividend tax credit.
I'm also wondering where to find the Canadian eligible dividend status of corporations.
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