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Tax Comparison Investment Income 2012

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Personal Tax -> Dividend tax credits ->
                         -> Tax Rates -> Tax comparisons -> Tax Comparisons Investment Income

Tax Comparison of Dividends vs Interest in 2012

The tables on this page compare taxes payable by province/territory in 2012 for three different types of investment income - Canadian dividends eligible for the enhanced dividend tax credit, non-eligible Canadian dividends, and other investment income such as foreign dividends and interest.  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 November 12, 2012.  The total taxes payable include any alternative minimum tax, where applicable.

Dividends eligible for the enhanced dividend tax credit

Actual
Eligible
Dividends
Taxable
Income
Total Federal + Provincial Income Taxes Payable (Refundable) in 2012
AB BC MB NB NL

NS

NT NU ON PE QC

SK

YT

$50,000 $69,000 $204 $1,002 $2,037 $204 $204 $2,014 $(739) $(997) $804 $591 $2,915 $204 $204
60,000 82,800 1,450 2,245 4,612 1,496 1,484 4,387 529 271 2,495 2,741 5,217 1,482 1,469
80,000 110,400 4,476 5,270 10,244 4,538 4,522 9,731 3,562 3,829 6,834 7,494 11,261 4,518 4,501
100,000 138,000 7,406 8,203 15,739 7,425 7,855 15,004 6,473 7,846 11,081 12,091 17,306 8,049 7,414

 

Non-eligible dividends

Actual
Non-eligible
Dividends
Taxable
Income
Total Federal + Provincial Income Taxes Payable in 2012
AB BC MB NB NL

NS

NT NU ON PE QC

SK

YT
$15,000 $18,750 $0 $0 $716 $0 $0 $0 $(396) $(375) $0 $832 $458 $0 $0
30,000 37,500 709 859 2,588 588 600 151 (631) (750) 390 2,765 1,654 981 187
50,000 62,500 3,138 2,738 6,142 3,070 3,278 2,824 (103) (231) 2,236 6,769 5,328 3,944 2,146
60,000 75,000 5,034 4,386 8,972 5,004 5,373 5,029 1,067 1,227 4,050 9,772 7,832 6,152 3,876
80,000 100,000 9,410 9,180 15,635 9,525 10,198 10,079 5,283 5,099 8,404 16,448 14,121 11,153 8,176
100,000 125,000 14,201 15,095 22,714 14,483 15,440 15,696 10,000 9,515 13,330 23,863 20,965 16,666 13,075

Other income (foreign dividends, interest, etc.)

Interest
Income
Taxable
Income
Total Federal + Provincial Income Taxes Payable in 2012
AB BC MB NB NL

NS

NT NU ON PE QC

SK

YT

$15,000 $15,000 $627 $627 $1,192 $627 $627 $900 $378 $438 $758 $1,091 $749 $633 $686
30,000 30,000 4,149 4,385 5,184 4,648 4,552 4,794 3,326 2,988 4,217 5,061 5,681 4,533 4,227
50,000 50,000 9,659 9,484 11,225 10,454 10,424 11,294 8,077 7,177 9,488 11,252 12,490 10,402 9,338
60,000 60,000 12,859 12,454 14,700 13,864 13,874 15,003 11,037 9,877 12,603 14,832 16,427 13,902 12,506
80,000 80,000 19,259 18,561 22,255 20,695 20,888 22,737 17,193 15,677 19,236 22,457 24,301 20,902 18,842
100,000 100,000 26,243 25,913 30,719 28,158 28,531 31,113 24,617 22,432 27,663 30,812 33,454 28,486 26,121

Notes re all three tables:
     - BC includes MSP premiums payable for 2013 based on 2012 income
     - Ontario - includes Ontario Health Premium
     - QC includes health contribution, contribution to the health services fund, and prescription drug insurance plan premiums
     - QC taxes are net of tax credit for person living alone

To see the tax results for your own income situation, and how it would change if the type of investment income changes, use our Income Tax Planning Calculators.

See also Tax Comparisons by Province and Territory, which compare different levels of employment income.

 

Revised: September 20, 2017

 

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