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How much can he claim as a federal dividend tax credit

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Question - Tony lives in Ontario and received $2,500 in 2019 in eligible cash dividends from a taxable Canadian corporation. The Federal gross-up rate on eligible dividends is 41% and the federal dividend tax credit on taxable dividends is 16.44%. How much can he claim as a federal dividend tax credit in 2019?

Reference no: EM133048605

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