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WebThe dividend tax credit is a provision that helps reduce tax liability by deriving income from dividends. Every nation has a tax administration system. In the US, it is the IRS (Internal … Web#1 – For Eligible Dividends As per CRA, the eligible dividend tax credit is set at a tax rate of 15.0198% $248.4 x 15.0198% =$37.30 #2 – For Non-Eligible Dividends For non-eligible dividends, the CRA has set a tax rate of 9.0301% $465.75 x 9.0301% =$42.05 cheap flights london gatwick to geneva
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