@powerofthreemovement Only 50% of the capital gains are taxed. More info: https://www.hrblock.ca/blog/6-things-to-know-about-capital-gains/
Edit: so dollar for dollar, if you received $100 dividends, that will be grossed up to 1.16x or 1.38x, which means the income to be taxed is $116 or $138...