11 (Eligible Dividend Income)

During 2020, Ms. Daisy Schoales receives $41,750 in eligible dividends from Canadian public corporations. Her income is such that this additional amount will be taxed at a 27 percent federal rate and a 13 percent provincial rate. 

On eligible dividends, the province has a dividend tax credit equal to 24 percent of the gross up. Determine the total federal and provincial tax that will be payable on these 

dividends and her after tax retention.

Please answer this question according to the tax rules of 2020-2021 in Canada with explanation