During 2020, Ms. Rhonda Holland receives $5500 in eligible dividends from taxable Canadian corporations. Her income...
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During 2020, Ms. Rhonda Holland receives $5500 in eligible dividends from taxable Canadian corporations. Her income is such that all additional amounts will be taxed at a 29 percent federal rate and a 14 percent provincial rate. Her provincial dividend tax credit for eligible dividends is equal to 29 percent of the gross up. What is the total federal and provincial dividend tax credit she will be eligible for as a result of these dividends? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer: Answer During 2020, Ms. Rhonda Holland receives $5500 in eligible dividends from taxable Canadian corporations. Her income is such that all additional amounts will be taxed at a 29 percent federal rate and a 14 percent provincial rate. Her provincial dividend tax credit for eligible dividends is equal to 29 percent of the gross up. What is the total federal and provincial dividend tax credit she will be eligible for as a result of these dividends? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer: Answer
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Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Posted Date:
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