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an individual receives interest income of $16,887 in 2019. the individual is in the top bracket and pays 33% federal tax on any additional income.
an individual receives interest income of $16,887 in 2019. the individual is in the top bracket and pays 33% federal tax on any additional income. the individual lives in a province where the provincial tax rate is a flat rate of 10% on all taxable income. the dividend tax credit in this individual's province of residence is 5/11 for eligible dividends and 5/13 for non-eligible dividends. what is the net tax payable associated with the receipt of this income?
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