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Question #2 -( 17 Marks) During 2020, Ms. Marion Blatz receives $5,600 in non-eligible dividends from taxable Canadian corporations. Her income is such that this
Question #2 -( 17 Marks) During 2020, Ms. Marion Blatz receives $5,600 in non-eligible dividends from taxable Canadian corporations. Her income is such that this additional amount will be taxed at a 26 percent federal rate and a 10 percent provincial rate. On such non-eligible dividends, the province has a dividend tax credit equal to 38 percent of the gross up. Determine the total federal and provincial tax that will be payable on these dividends and her after tax retention
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