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Arthur earned $14,000 in dividends from a canadian-controlled private corporation{CCPC}.His dividends are not eligible for the enhanced dividend tax credit. He has a federal marginal
Arthur earned $14,000 in dividends from a canadian-controlled private corporation{CCPC}.His dividends are not eligible for the enhanced dividend tax credit. He has a federal marginal tax rate of 29%,a provincial marginal tax rate of 19.7% and he lives in a province where the provincial dividend tax credit is 6.60%.How much of the dividends received by Arthur will he retain after-tax?
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