Qualifying Dividend-Paying Companies

Whether a dividend on a stock qualifies as a dividend from a Canadian corporation is not impacted by which exchange the shares are traded through, but by the jurisdiction the corporation is incorporated in. For example, Tim Hortons, though it does trade on the TSX and is otherwise regarded as a Canadian corporation, it is actually incorporated in the U.S. As a result, their dividends are classified as foreign income, and does not qualify for the dividend tax credit.
Irving Silver,