Objective: Individuals with either schizophrenia or a substance use disorder have been shown to independently display cognitive deficits. Patients with schizophrenia who abuse psychoactive substances should then arguably display an aggravation in cognitive impairment. However, cognitive integrity among individuals with dual diagnosis remains paradoxical, with some studies reporting dysfunction and others reporting preservation. Methods: A literature search of PubMed and PsycInfo was conducted using the following major inclusion criteria: (a) schizophrenia-spectrum disorder, (b) presence or absence of a substance use disorder, and (c) measures of cognitive function. Results: Young patients with schizophrenia and comorbid substance abuse typically display better cognitive abilities than older individuals with dual diagnosis. Also, depending on the type of task assessed, cognition either remains relatively intact (e.g., psychomotor speed), dysfunctional (e.g., verbal memory), or ambiguous (e.g., impulsivity). Performance on tasks of impulsivity, however, remains particularly difficult to interpret, most probably due to the complexity of the multidimensional construct of this cognitive domain. Finally, depending on the preference of psychoactive substance used, some individuals with dual diagnosis exhibit better cognitive function (e.g., cannabis), while others display marked decreases on task performance (e.g., alcohol), relative to those with schizophrenia only. Conclusions: Age, type of cognitive function measured, and type of psychoactive substance abused appear to be three factors that interact to contribute to the array of current findings among patients with dual diagnoses of schizophrenia and substance use disorder. (Journal of Dual Diagnosis, 8:35-47, 2012)