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A good thing about DRIP is having tax deferred gains. Also, I think your "dividends" won't be taxed as dividends. Instead, when you sell, you will realize a greater gain as your ACB is unchanged but your POD is higher due to the extra shares.
A negative thing about DRIP is it buys at market price, therefore you can't time your entry point. To me, this is outweighs the tax advantage. Also, if you are in a lower income bracket, you barely pay any tax on dividend income.
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