Linda bough 500 CIBC shares worth of $10000 on April 1st in her son's name. her son brad is 16 years old, CIBC pays $2000 (eligible) dividend income every year. Who should report dividend income? What amount should be reported on Line 12000 (Taxable amount of dividends)?

Answer rating: 100% (QA)

Since the shares are in Brads name Brad should report the dividend incom... View the full answer