During 2020, Ms. Mary Richards receives $6000 in non eligible dividends from taxable Canadian corporations. Her income is such that all additional amounts will be
During 2020, Ms. Mary Richards receives $6000 in non eligible dividends from taxable Canadian corporations. Her income is such that all additional amounts will be taxed at a 29 percent federal rate and a 13 percent provincial rate. Her provincial dividend tax credit for non eligible dividends is equal to 27 percent of the gross up. What is the total federal and provincial dividend tax credit she will be eligible for as a result of these dividends?
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.
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