Tax-wise, I don't think there is a difference. You will get a tax slip for the dividends regardless of DRIP or cash out. You just need to track the ACB for the future if/when you want to sell.
No question take the cash.
I do, just use a spreadsheet and at the end of the year, I just update it with the distributions that I've accumulated in the year.How do you track acb? Does the broker calculate your acb for you or do you have to do it yourself?
Good that your identifying a potential issue but it is far more of a YMMV situation.... Dripping in an unregistered account is a pain.
You have to keep track of the cost base that changes every month.
True ... though I guess I've been lucky to avoid transactions that cause them. My broker's errors have been few and far between.... You are responsible to CRA for an accurate cost base that you can prove and no one else (including the brokers who are notoriously inaccurate).
IMO ... it depends on you as an individual investor.
Unless you need the cash to buy groceries, now might be a great time to DRIP. Prices are low. You can grab more units. If you need the cash for food, take the cash.I would always take cash. Immediately reinvesting dividends looks awful now that markets have crashed. The optionality of cash is powerful.