Tax Brackets for Salary and Interest Income

Dividend Tax Treatment

$0$ to $$15,000$

$$15,001$ to $$30,000$

$$30,001$ to $$70,000$

$$70,001$ to $$110,000$

$$110,001$ to $200,000$

$$200,000$ plus

$0\%$

$15\%$

$25\%$

$35\%$

$45\%$

$55\%$

Dividend Gross Up Rate

Federal Dividend Tax Credit

Provincial Dividend Tax Credit

$25\%$

$15\%$

$9\%$

Charity Tax Credit

Capital Gains Exclusion Rate

$50\%$

First $$200$ donation

Above $$200$ donation

$12\%$

$20\%$

It is the month of February, and Morgan is working on their income taxes. Morgan recorded the following information from the past year.

Salary Income $$105,000$

Interest Income from Bond Mutual Fund $$2,500$

Capital Gains $$2,500$

Dividend Income $$1,300$

RRSP Contribution $$5,500$

Charity Contributions to Algonquin College Alumni Fund $$800$ What would be the federal dividend tax credit amount and the provincial didvend tax credit amount?