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Sean purchased common shares in a French company Oh Mon Dieu. Shortly after the share purchase he received dividends from the investment of $750Cdn$ (the

Sean purchased common shares in a French company Oh Mon Dieu. Shortly after the share purchase he received dividends from the investment of $750Cdn$ (the French government withheld 25% with holding taxes). Assume a 29% federal tax rate.

REQUIRED: Calculate Sean's 2019 federal taxes payable and after tax cash retention.

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