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Arthur earned $14,000 in dividends from a taxable, Canadian public corporation. He has a federal marginal tax rate of 29% and a provincial marginal
Arthur earned $14,000 in dividends from a taxable, Canadian public corporation. He has a federal marginal tax rate of 29% and a provincial marginal tax rate of 19.7%. The federal dividend tax credit is 15.02% 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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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
