As an employee of a public company. Maxine Ashley has an annual salary of 155.000 After years of purchasing losing tickets, Maxine wins $500.000 in the provincial lottery. As her employment income is more than adequate for her current needsshe plans to invest all of these winnings in a debt security for the year ending December 312019 The security pays annual interest at a rate of 5 percent. The following information is applicable to the province in which Maxine is : The provincial marginal tax rate for Maxine is 13 percent The provincial dividend tax credit on non-eligible dividends is 28 percent of the gross up The provincial tax rate on the investment income of 12 percent Other than the interest on her investment in the debt security, Maxine has ne source of investment income

Required : Prepare calculations that will compare the after tax retention of income that will accrue to Maxine for 2019 The investment individual B The investment is owned by CCPC which she is the , und out income in dividend