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Haran who hold shares of Triangle Technology which is a Canadian Controlled Corporation. He received $500 in dividends this year. Haran is in a 40%
Haran who hold shares of Triangle Technology which is a Canadian Controlled Corporation. He received $500 in dividends this year. Haran is in a 40% tax bracket. The gross-up rate for eligible dividends is 38% and the Federal Dividend Tax Credit rate is 15.02%. How much dividends will Haran receive after tax? a. $265.45 b.$234.54 c.$586.36 d.$690 a. $265.45 b.$234.54 c.$586.36 d.$690
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