Dividend Statement Query
Posted: September 7th, 2021, 2:04 pm
Last year I set up a GIA and purchased some units of LifeStrategy 80. This year I received dividends with I need enter into my tax return. It is set up as an income fund to simplify handling the dividends and I received an amount as cash, which I assume is the amount I enter into my Tax Return.
The Dividend Details statement I received shows figures for the following categories:
Shares Held on XD Date
Dividend Rate
Dividend Paid
Tax Rate
Tax
Gross Dividend
If I multiply 'Shares Held on XD date' by the 'Dividend Rate' I get the amount I received as cash which is what I expected. What I don't understand is the 'Dividend Paid' figure and how it relates to the previous figures. The 'Tax Rate'/'Tax' are zero because no tax has been paid yet and so the 'Gross Dividend' is the same as 'Dividend Rate'. Is anyone able to explain what 'Dividend Rate' is please?
Thanks,
J
The Dividend Details statement I received shows figures for the following categories:
Shares Held on XD Date
Dividend Rate
Dividend Paid
Tax Rate
Tax
Gross Dividend
If I multiply 'Shares Held on XD date' by the 'Dividend Rate' I get the amount I received as cash which is what I expected. What I don't understand is the 'Dividend Paid' figure and how it relates to the previous figures. The 'Tax Rate'/'Tax' are zero because no tax has been paid yet and so the 'Gross Dividend' is the same as 'Dividend Rate'. Is anyone able to explain what 'Dividend Rate' is please?
Thanks,
J