“The characterization of distributions for tax purposes (such as dividends, other income, capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore, investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes, these amounts will be reported by brokers on official tax statements.”
You'll receive a tax slip from the broker with all the numbers filled in for you: eligible dividends, the dividend tax credit, return of capital etc. etc. All you have to do is key it in your favourite tax software and you are done.Ah, so my broker should be telling me in a tax statement what percentage of my dividends were eligible?