Chartered Accountants of Ontario, Canada

 

Tax Facts

Tax Rates on Eligible Dividends

Year Gross-up Federal Dividend Effective Combined
Tax Credit Tax Rate 
 2012 38% 15.02% 29.54%
 2011 41% 16.44% 28.19%
 2010 44% 17.97% 26.57%
 2006 to 2009 45% 18.97% 23.06%
     
               Tax Rates on Non-Eligible Dividends
Year Gross-up Federal Dividend Effective Combined
Tax Credit Tax Rate 
 ALL 25% 16.67% 32.57%
     
The following dividends can be received in 2011 by an individual who has no other income, with no resulting income tax liability (other than a liability for Ontario Health Premium):
     
  Eligible Non-eligible
  dividends divdends
Personal credit only
 $       50,527  $       38,160
     
Student with $7,000 of tuition
 $       57,727  $       44,242

 

 

 
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