If I am in the lowest tax bracket (ie ~15% federal, ~11% provincial), so my marginal tax rate is 26%, and I receive 1,000 in eligible dividends, would I owe 0 taxes on that since I would receive a 26% tax credit?
My math:
Marginal taxes owing = (1,000)(1.38)(0.15+0.11)
Dividend tax credit (1000)(1.38)(0.26)
They equal. Right?
Submitted November 12, 2022 at 02:37AM by agile-turtle https://ift.tt/n4jUyaA
