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Lena is in the top federal marginal tax bracket (i.e. 33%) and she lives in a province where her provincial marginal tax rate is 13.16%
Lena is in the top federal marginal tax bracket (i.e. 33%) and she lives in a province where her provincial marginal tax rate is 13.16% and the provincial dividend tax credit is 2.9863%. Lena earns other than eligible dividend income of $16,000 from a Canadian-controlled private corporation. If the federal dividend tax credit is 9.0301%.
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Solution To calculate Lenas aftertax dividend income we need to first determine her total tax rate on the eligible dividends received from the Canadia...
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
