Mr. John has an employment income of $100,000 his provincial tax is 12% and Federal of 26%.

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Mr. John has an employment income of $100,000 his provincial tax is 12% and Federal of 26%. He invested a full $180,000 in a 4-yr GIC that pays annual interest of 1.5%. How much would be his After Tax Return?

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Canadian Income Taxation planning and decision making

ISBN: 9781259094330

17th edition 2014-2015 version

Authors: Joan Kitunen, William Buckwold

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Posted Date: Jun 06, 2022 05:42 AM

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Mr. John has an employment income of $100,000 his provincial tax is 12% and Federal of 26%.

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Given data 1Mr John has an employment income of 100000 his provincial ta... View the full answer

Canadian Income Taxation planning and decision making

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