You own 100 shares of Coca-Cola and the company has just paid a dividend of US $5 per share. On the date of receipt, the US Dollar was worth 1.02 Canadian dollars. Assuming your tax rate is 30%, what Canadian tax is due on this dividend? (Assume a 38% gross-up, the federal dividend tax credit is 15% and the foreign withholding tax is 15%). a) $76.50 Ob) $211.14 Oc) $153 O d) $105.57

You own 100 shares of Coca-Cola and the company has just paid a dividend of US $5 per share. On the date of receipt, the US Dollar was worth 1.02 Canadian dollars. Assuming your tax rate is 30%, what Canadian tax is due on this dividend? (Assume a 38\% gross-up, the federal dividend tax credit is 15% and the foreign withholding tax is 15% ). a) $76.50 b) $211.14 c) $153 d) $105.57