Shareholders or potential shareholders should consult their own legal and tax advisors as to the specific tax consequences applicable to their own particular circumstances. Tax Information / K-1 Schedule K-1. Enbridge has long been an excellent income stock, paying a dividend to investors for the past 64 years. Should you pursue your analysis, this video will bring you more insights. Individual – For an individual shareholder, dividend shall be taxable as per the applicable slab rates. Enbridge Inc. (ENB Quick Quote ENB - Free Report) announced that its board of directors has approved an increase in quarterly dividend payment.. The company has paid a lucrative dividend for a long time. In early 2015, shares traded as high as $55.00 a piece. This means that large players like Enbridge, with vast access to low-cost capital, have a major advantage over smaller rivals. Toronto, Ontario © 2020 Enbridge Inc. All rights reserved. Click to remove it from your list. For more details please refer to: 2012 ENB Q1 Div Tax Q&A (PDF 76 KB). The pipeline company says it will start paying a quarterly dividend of 81 cents, effective March 1, up from its previous rate of 73.8 cents. CALGARY -- Enbridge Inc. raised its dividend as it released its latest financial guidance. Under current law in 2020, no tax is owed on capital gains (or qualified dividend income) if taxable income is below $40,000 for single filers ($80,000 for joint filers). Please refer questions regarding the T5 slips directly to your brokerage firm or Computershare Trust Company of Canada at 1-800-276-9479. M5J 2Y1, Toll free: 1-866-276-9479 or 1-(514) 982-8696. Investor interest in pipelines has waned, though. The forms can be downloaded from the links below. I dove deeply into Enbridge’s dividend sustainability in the video below. They paid foreign dividends and foreign taxes were withheld. Management is guiding for 10% dividend growth in 2019 and 2020 as well, meaning that Enbridge is one of the highest-yielding and fastest-growing dividend stocks in … The other moat creating advantage is the highly regulated nature of the business. Canadian registered shareholders will receive a T5 Supplementary slip from Computershare Trust Company of Canada. Canada is the source country for Enbridge. Common share dividends paid by ENF will generally be designated as “eligible dividends” for Canadian income tax purposes. In March 2012, Noverco sold some shares of Enbridge Inc. and its resulting capital gain was not taxed at the full tax rate because Noverco is a CCPC. Common share dividends paid by Enbridge Inc. will be subject to Canadian withholding tax at the rate of 25% unless the rate is reduced under the provisions of a tax treaty between Canada and the non-resident shareholder’s jurisdiction of residence. Next year, the company says it expects between $4.70 and $5. On an annual basis, that yields more than 8% per year. Canadian beneficial shareholders who received dividends outside of an TFSA, RRSP, RRIF or DPSP should receive a T5 Supplementary slip from their brokerage firm or intermediary. Specifically, Enbridge has raised its dividend for 23 consecutive years (including 2018's 10% increase), at an average rate of 11% annually. Enbridge Inc. (ENB.TO) pays an annual dividend of C$3.17 per share, with a dividend yield of 7.47%. You fill out f1116 to get a foreign tax … If you allocate $75,500 to Enbridge stock, you can generate $5,890 in annual dividends. Enbridge is one of the more popular options when it comes to Canadian dividend stocks.. There’s some solid reasoning for this as well. Not entitled to the specific tax consequences applicable to their own particular circumstances share at a lower than. Lower rate than the same amount of interest income Privacy policy | Glossary tax... 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