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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:
 | Canadian dividends eligible for the enhanced dividend tax credit, and |
| other income such as interest and foreign dividends |
The calculations assume that the income is received by a single senior.
2024 Tax Comparison for Seniors
2023 Tax Comparison for Seniors
2022 Tax Comparison for Seniors
2021 Tax Comparison for Seniors
2020 Tax Comparison for Seniors
2019 Tax Comparison for Seniors
2018 Tax Comparison for Seniors
2017 Tax Comparison for Seniors
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, or our Detailed Canadian Income Tax & RRSP Savings Calculator.
More Tax Comparisons
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: October 15, 2024