
Showing posts with label taxation rate. Show all posts
Showing posts with label taxation rate. Show all posts
Sunday, August 10, 2008
2007 Top Marginal Rates of Tax for Canadian Dividends
I've been researching into the tax implications of having various dividends and capital gains. I found a good resource from Grant Thorton LLP which I've shared here. Simply put in each province, when you combine federal and provincial tax rates, you're going to get taxed at a different rate depending if you declaring interest income, capital gains, foreign, eligible, or other canadian dividends. An eligible dividend is declared when it is awarded by a Canadian company. You will pay the highest rates of tax on common interest and on foreign dividends.

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