It is not MY way; it's objective MATH--you're just sour because it goes against what YOU think is the best way.
You talk of "math" and have yet to show any. Huh. Those who know, know why you don't.
Dividends are only good for taxable account? Within a specific RANGE, but as mentioned, at the expense of diversification AND RETURN (you conveniently left that out)--at the end of the day, it's about maximizing your after-tax RETURN.
..and weird how the DTC is only available in a taxable account and thus only applicable in a taxable accounts.
As for the diversification, the taxable account is only one of many accounts. I've no idea why you think it's the only account one invests in. You can easily diversify away from the typical high-yield financials/resources that the taxable account invests in for an overall more balanced portfolio. A standard approach is bonds (for that 60/40 mix that people seem to love) in the RRSP since everything is income when withdrawn anyway.
As for
after-tax return, duh, I pretty much showed how it happens and how after-tax dividend income is superior to capital gains and, of course, income. It also happens over a very, very wide retirement income range as I've illustrated. What you have shown? Zippo. All hat. As for "returns", this is always the standard hand-waving response that you 'bros make. You cannot promise future returns yet you seem to think you can with this argument.
By the way, personal experience, my dividend income has grown 7.6% a year (simple compounded) over the last 10 years. Not a bad annual raise. My investing return (Time Weighted Rate of Return Method) in my taxable account is 10.59% v. TSX 9.09% over the same time period. "Returns". Uh huh. Blah blah blah, you do better...doubt it. I really do. Your "returns" argument is dumb. Do better
I'm not seeing the big picture? LOL, yet you're talking about limiting your opportunity set to only CANADIAN dividend-paying stocks and you're not factoring claw backs since income-tested benefits are based NET INCOME and Canadian dividends are GROSSED UP and those figures are included in net income.
So, you obviously don't know this but the Dividend Tax Credit that you can use to reduce your tax liability on other sources of income is only available with Canadian Dividend-paying stocks. This is basic stuff.
Again, the taxable account is only one of many accounts. I've no idea why you think it's the only account one invests in. In addition to income-investments, you would obviously invest in US stocks (say VOO, whatever) in your RRSP to avoid the resulting US taxes that hit you in the TFSA. You've filled out your W-8BEN right? The TFSA is a great long-term investing account and thus provides even more diversification using other investing strategies. However, you are limited in the amount, much like the RESP, you can invest in. Generally, your TFSA should be
in the $100K to $200K range** right now which isn't a lot for retirement. You seem to infer you're some sort of financial planner and thus,
this is all very, very basic stuff, why don't you know this?
As for income-tested benefits, if you did the spreadsheet on it, you'd see the very clear/obvious/very quick benefits of having more income. The cross over point happens very quickly. Remaining poor on income-tested benefits is not a good long term goal. Getting claw backs is a good thing because it means you have too much $ right?
Damn, too much money. Again, this is very basic stuff and I'm uncertain why you think "Muh OAS" it's a cogent argument. You're just spouting FUD that the ignorant fall for.
** Then again, in 2020, apparently only 8.9% of TFSA holders maximized contributions to their TFSAs