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's Week 3- #4-1

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

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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

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Table 1 2010 Federal Tax Rates Personal Tax Rates - 2010
Table 2 Personal Tax Rates - 2010

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Table 3 2010 Ontario Provincial Surtax Rates Personal Tax Rates - 2010
What is the tax payable on taxable income of \$65,000? Federal Tax = \$6,146 + 22% (\$65,000 – 40,970) = \$11,432.60 Prov’l Tax = \$1,874 + 9.15% (\$65,000 – 37,106) = \$ 4,426.30 Prov’l Surtax = 20% (\$4,426.30 - \$4,006) = \$ 84.06 \$15,942.96 Total tax calculation

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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

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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? = Federal rate of 22% + Ontario rate before Ontario surtax of 9.15% + Ontario surtax rate of 20% of 9.15% which equals 1.83% = 32.98%
My Uncle Rich makes \$200,000 a

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

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