Question $30$ options:

In $2023,$ Mr$.$ John Johns receives $$17,000$ in non$-$eligible dividends from a taxable Canadian corporation $($TCC$).$ His income is such that the non$-$eligible dividends will be subject to a federal income tax rate of $29\%.$

Determine the total net federal income tax that will be payable on these dividends.

Determine his after$-$tax cash retention.

Now, assuming that the dividends are eligible dividends.

Determine the total net federal income tax that will be payable on these dividends.

Determine his after$-$tax cash retention.