chk: False. In USA, you pay cap gains taxes on "realized" unearned income re: stock sales. In this case, you would only pay taxes on a gain when you SELL the stock dividend. Until that gain is "realized," there are no taxes levied. I think Canada may treat a stock dividend differently. Please check facts before broadcasting errant info.
These are my opinions and sentiments only. Take them for what they're worth. Do your DD. Buying stocks is risky!
"If we could sell our experiences for what they cost us, we'd all be millionaires." -Abigail van Buren (a/k/a Dear Abby)