Victor is confused, so he has come to you for advice. He has heard that not all dividends are treated the same, so he would like you to explain how the following are taxed to decide where he should invest his money. Victor is in the top tax bracket, which is 53%. Assume the following: (1) $1,000 of dividends from Canadian public companies. (2) $1,000 of dividends from Canadian private companies earning active business (3) $900 of dividends from foreign public companies. 8100 was deducted at source and . Dividends from public companies: the dividend tax credit is equal to (federal) income taxed at the low rate. remitted to the foreign government. and %' (provincial) of the gross-up. . Dividends fr om Canadian private companies earning active business income taxed at the low rate: the dividend tax credit is equal to ay," (federal) and % the gross-up