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Vasu is a little confused as to how various investment incomes are taxed. In 2 0 2 3 , Vasu lives in Ontario and is
Vasu is a little confused as to how various investment incomes are taxed. In Vasu lives in Ontario and is in a average tax rate combined Federal and Ontario He received the following amounts which are all in Canadian dollars:
Canadian eligible dividends of $
Foreign dividends of $
Interest of $
Capital gains of $
a Calculate the taxes payable on each of Vasus investment incomes and calculate his net investment after taxes ie how much he keeps after paying taxes Use Table D for the Canadian Eligible Dividend calculation.
Taxes payable calculation Net investment after taxes
Canadian eligible dividend taxes payable after Dividend Tax Credit marks
marks
Foreign dividends marks
marks
Interest marks
marks
Taxable capital gains marks marks
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