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In 2019, a retired individual (62 years old) supported themselves and their 61-year-old spouse on their pension and investment income. Their pension from a registered

In 2019, a retired individual (62 years old) supported themselves and their 61-year-old spouse on their pension and investment income. Their pension from a registered pension plan (RPP) was $39,000 and they received $5, 000 in interest income and $4,000 in dividends from a Canadian controlled private company (CCPC) entitled to the small business deduction (SBD). What would be their total federal tax? (In Canada)

Multiple Choice

  • $4,951

  • $2,577

  • $3,441

  • $3,141

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