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Selmas marginal federal tax rate is 29 percent. She lives in a province where her provincial marginal tax rate is 17.5 percent and the provincial
Selmas marginal federal tax rate is 29 percent. She lives in a province where her provincial marginal tax rate is 17.5 percent and the provincial dividend tax credit is 31 percent of the dividend gross up. If Selma receives an eligible dividend of $16,000 from a Canadian public corporation in 2020, how much will she pay in income tax? $2,827. $6,150. $5,066. $8,382.
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