Jim bought $1000$ shares of XLB$,$ a public Canadian corporation $11$ months ago for $$91\mathrm{.}72/$share$.$ The stock currently trades on the TSX at $$79\mathrm{.}75/$share$.$ The stock has declared an eligible dividend of $\%6\mathrm{.}38$ to be paid in exactly $1$ month. Jim would like you to explain to him:

$1.$ How much income tax he'll have to pay on the dividends that he would receive, given his marginal tax rate of $38\%$

$2.$ What his after$-$tax dividend rate of return would be over the period

$3.$ What rate of interest would he need to receive on a GIC in order to achieve the same after$-$tax return on his money?