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Part 3: In 2021, M. Dodge receives $15,500 in eligible dividends from Canadian public corporations. The following relates to M. Dodge: 1. Income is subject
Part 3: In 2021, M. Dodge receives $15,500 in eligible dividends from Canadian public corporations. The following relates to M. Dodge: 1. Income is subject to federal income tax of 27% plus 12% for provincial income tax. 2. On eligible dividends, the province provides a dividend tax credit equal to 23% of the gross up. Determine the total federal and provincial income tax that will be payable on these dividends and the after-tax retention
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