's Week 3- #4-1 - Taxation of Investment Returns Personal...

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Unformatted text preview: Taxation of Investment Returns Personal Tax System based on taxable income progressive, graduated system 3 taxes Taxation of Investment Returns marginal tax rates interest vs. dividends vs. capital gains Table 1 2010 Federal Tax Rates Personal Tax Rates - 2010 Table 2 Personal Tax Rates - 2010 Table 3 2010 Ontario Provincial Surtax Rates Personal Tax Rates - 2010 What is the tax payable on taxable income of Federal Tax = $6,146 + 22% ($65,000 40,970) = $11,432.60 Provl Tax = $1,874 + 9.15% ($65,000 37,106) = $ 4,426.30 Provl Surtax = 20% ($4,426.30 - $4,006) = $ 84.06 $15,942.96 Total tax calculation Taxation of Investment Returns Why did we care about tax? to determine impact of tax treatment on investment income Taxation of Investment Returns marginal tax rates- Table 4 Combined Marginal Tax Rates What is the combined 2010 federal/provincial marginal tax rate after provincial surtax for an Ontario resident with taxable income of $65,000?...
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This note was uploaded on 11/25/2010 for the course BUSINESS BU111 taught by Professor Yost during the Fall '10 term at Wilfred Laurier University .

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's Week 3- #4-1 - Taxation of Investment Returns Personal...

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