What Is The Effective Tax Rate On Canadian Dividends?
Dividends have a marginal tax rate that is a percentage of the actual dividends received (not grossed-up taxable amount). The gross-up rate for eligible dividends is 38%, whereas it is 15% for non-eligible payouts. What is the effective tax rate on dividends? To summarize, if the underlying stocks are held in a taxable account, dividends […]
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