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Seniors Tax Comparison - Investment Income

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Personal Tax -> Dividend tax credits -> Tax Comparisons
Tax Rates -> Tax Comparisons -> Tax comparison for seniors with investment income

Seniors: Tax Comparison of Canadian Eligible Dividends vs Other Investment Income

The tax comparison tables compare taxes payable by province for two different types of income:

bulletCanadian dividends eligible for the enhanced dividend tax credit, and
bulletother income such as interest and foreign dividends

The calculations assume that the income is received by a single senior.

2016 Tax Comparison for Seniors

2015 Tax Comparison for Seniors

2014 Tax Comparison for Seniors

2013 Tax Comparison for Seniors

2012 Tax Comparison for Seniors

Although the higher taxable income with Canadian eligible dividends causes a clawback of the OAS and a higher clawback of the age credit, the taxes payable including the clawback are still significantly lower.

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, in particular the Investment Income Tax Calculator.

See also:

Tax Comparisons of Canadian Eligible Dividends, Non-Eligible Dividends and Other Income, for people who are not seniors.

Tax Comparisons of Employment Income by Province and Territory, which compares different levels of employment income for people who are not seniors.

 

Revised: June 14, 2016

 

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