Trying to clarify something from you experts. I hear quite a few people who are dividend investors that love dividends because of the tax benefit of being low. And some say they live of there dividends. Does this only work in a non registered account. I have a defined contribution plan through work so therefor have quite a bit of money in RRSP and Lira accounts. Also have a maxed out TFSA account. I dont see how this strategy would work other than in a taxable brokerage account. Am I missing something here?