Arthur earned $14,000 in dividends from a taxable, Canadian public corporation. He has a federal marginal...
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Arthur earned $14,000 in dividends from a taxable, Canadian public corporation. He has a federal marginal tax rate of 29% and a provincial marginal tax rate of 19.7%. The federal dividend tax credit is 15.02% and he lives in a province where the provincial dividend tax credit is 6.60%. How much of the dividends received by Arthur will he retain after-tax? Arthur earned $14,000 in dividends from a taxable, Canadian public corporation. He has a federal marginal tax rate of 29% and a provincial marginal tax rate of 19.7%. The federal dividend tax credit is 15.02% and he lives in a province where the provincial dividend tax credit is 6.60%. How much of the dividends received by Arthur will he retain after-tax?
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1 To calculate how much of the dividends Arthur will retain aftertax we need to determine the amount ... View the full answer
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Posted Date:
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