Miss Bokhari has other sources of income that place her in the highest federal income tax bracket of 31% and the highest provincial income tax bracket of 18%. The provincial dividend tax credit is equal to 25% of the dividend gross up for non-eligible dividends. In 2023, Miss Bokhari expects corporate net income of $ 168 comma 000. This amount takes into consideration a deduction for the payment of salary to her of $ 82 comma 000. Miss Bokhari is planning to take an extended holiday in January and February 2024. She anticipates she will need an extra $ 18 comma 000 in cash in December 2023. The company has sufficient cash to fund that amount as either salary or taxable dividends. Any taxable dividends paid would be non-eligible