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How much will she pay in income tax

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Question - Jill's marginal federal tax rate is 29%. She lives in a province where her provincial marginal tax rate is 17.5% and provincial dividend tax credit is 31% of the dividend gross up. If Jill receives an eligible dividend of $16,000 from Canadian public corporation in 2021, how much will she pay in income tax?

Reference no: EM133148389

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