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Personal Tax -> Dividend tax credits -> Tax comparison

Tax Comparison of Dividends vs Interest

The tables on this page compare taxes payable by province in 2009 for three different types of income - dividends eligible for the enhanced dividend tax credit, small business (non-eligible) dividends, and interest income.  The calculations assume that the income is earned by a single person, and that there is no other type of income included in taxable income.  The tax rates used are as known on April 7, 2009.  The total taxes payable include any alternative minimum tax, where applicable.

Dividends eligible for the enhanced dividend tax credit

Actual Eligible
Dividends		 Federal Taxes Payable Total Federal + Provincial Income Taxes Payable
AB BC MB NB NL

NS

 ON(1) QC PE

SK
$50,000 $0 $0 $0 $0 $0 $308 $2,128 $725 $2,442 $605 $0
60,000 $1,452 1,960 1,941 3,148 2,280 3,339 5,548 2,898 5,338 3,791 2,178
80,000 $4,452 5,834 5,783 9,252 7,709 9,287 12,442 7,995 11,552 10,024 6,512
100,000 $7,452 8,973 8,917 14,307 12,385 14,159 18,252 12,246 17,766 15,051 10,871

(1)  Ontario - includes Ontario Health Premium

 

Small business dividends

Actual Small Business
Dividends		 Federal Taxes Payable Total Federal + Provincial Income Taxes Payable
AB BC MB NB NL

NS

 ON(1) QC PE

SK
$15,000 $0 $0 $0 $630 $0 $0 $0 $0 $19 $420 $0
30,000 0 768 0 2,361 888 742 195 390 1,059 1,940 415
50,000 1,018 3,415 1,788 5,941 4,206 3,720 3,082 2,451 4,919 5,608 3,131
60,000 2,101 5,314 3,409 8,678 6,493 6,116 5,287 4,213 7,424 8,336 5,089
80,000 5,010 9,853 8,224 15,312 12,076 11,649 10,496 8,629 13,982 14,620 9,748
100,000 8,177 14,649 14,016 22,203 18,008 17,441 16,112 13,327 20,826 21,210 14,873

(1)  Ontario - includes Ontario Health Premium

 

Interest income

Interest Income Federal Taxes Payable Total Federal + Provincial Income Taxes Payable
AB BC MB NB NL

NS

 ON(1) QC PE

SK
$15,000 $702 $702 $627 $1,321 $790 $873 $1,019 $1,032 $914 $1,167 $892
30,000 2,952 4,275 3,996 5,314 5,017 4,663 4,913 4,530 5,324 5,137 4,792
50,000 6,601 9,924 9,034 11,493 11,289 10,819 11,552 10,096 12,081 11,466 10,839
60,000 8,801 13,124 12,004 14,968 14,939 14,299 15,261 13,211 16,018 15,046 14,339
80,000 13,201 19,524 18,184 22,523 22,368 21,741 22,995 20,163 24,021 22,671 21,339
100,000 18,344 26,666 25,758 31,145 30,710 29,983 31,847 28,787 33,315 31,184 29,081

(1)  Ontario - includes Ontario Health Premium

Revised: April 23, 2010

 

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