I am starting to invest in DRIPs, as I believe they would be the best investment for me at my current point in life. I am reading some other questions here, and people are stating that the income, even if it's being re-invested directly to the fund, that I need to pay tax on it. Understandable, it's a form of income.
Where can I get information on how much tax is going to need to be paid on my income from DRIPs, and do I just get the information from my transfer agent?
Currently, I earn $55k in employment income, and I reside in B.C. The income will not be in a registered account.