20.2 - INCOME TAX IMPLICATIONS FOR INVESTING Capital Gains...

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Unformatted text preview: INCOME TAX IMPLICATIONS FOR INVESTING Capital Gains & Losses of capital gain or loss is taxable At marginal tax rate Carry losses back 3 years or forward for ever Dividends Favorable tax treatment via Dividend Tax Credit Interest Taxed like regular employment income Personal Marginal Tax Rates Marginal Income Level Ordinary Income & Interest Capital Gains Canadian Dividends 8,196 $ 22.05% 11.03% 4.48% 34,010 $ 25.15% 12.58% 8.36% 35,595 $ 31.15% 15.58% 15.86% 59,882 $ 32.98% 16.49% 16.86% 68,020 $ 35.39% 17.70% 19.88% 70,559 $ 39.41% 19.70% 22.59% 71,190 $ 43.41% 21.70% 27.59% 115,739 $ 46.41% 23.20% 31.34% Personal Effective Tax Rates Income Level Tax Rate $ 5,000.00 $ 10,000.00 3.18% $ 15,000.00 10.00% 20,000.00 $ 13.05% 30,000.00 $ 16.05% 40,000.00 $ 18.68% 50,000.00 $ 21.17% 60,000.00 $ 22.84% 70,000.00 $ 24.35% 80,000.00 $ 26.65% 90,000.00 $ 28.51% 100,000.00 $ 30.00% 120,000.00 $ 32.34% 140,000.00 $ 34.35% 160,000.00 $ 35.86% 180,000.00 $ 37.03% 200,000.00 $ 37.97% 220,000.00 $ 38.74% TAXES...
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This note was uploaded on 11/13/2011 for the course CIVE 2*** taught by Professor - during the Spring '11 term at Carleton CA.

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20.2 - INCOME TAX IMPLICATIONS FOR INVESTING Capital Gains...

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