The tables on this page compare taxes payable by province/territory in 2011
for three
different types of income - Canadian dividends eligible for the enhanced dividend tax
credit, non-eligible Canadian dividends, and
other investment income such as foreign dividends and interest. The
calculations assume that the income is earned by a single person, and that there
is no other type of income included in taxable income. The tax
rates used are as known on April 1, 2011. The total taxes payable include
any alternative minimum tax, where applicable.
Dividends eligible for the enhanced dividend
tax credit
Actual
Eligible
Dividends
Taxable
Income
Total Federal +
Provincial Income Taxes Payable (Refundable) in 2011
AB
BC
MB
NB
NL
NS
NT
NU
ON
QC
PE
SK
YT
$50,000
$70,500
$0
$768
$0
$0
$0
$1,949
$(942)
$(1,200)
$600
$2,912
$481
$0
$0
60,000
84,600
1,820
2,573
2,806
2,070
2,005
5,128
992
734
3,055
5,600
3,431
1,991
$1,922
80,000
112,800
4,926
5,675
7,763
5,243
5,161
10,672
4,128
4,231
7,500
11,717
8,354
5,142
5,055
100,000
141,000
7,904
8,654
12,536
8,207
8,715
16,075
7,099
8,410
11,821
17,834
13,066
8,995
8,028
Non-eligible dividends
Actual
Non-eligible
Dividends
Taxable
Income
Total Federal +
Provincial Income Taxes Payable in 2011
AB
BC
MB
NB
NL
NS
NT
NU
ON
QC
PE
SK
YT
$15,000
$18,750
$0
$0
$770
$0
$0
$0
$(396)
$(375)
$0
$396
$832
$0
$0
30,000
37,500
740
865
2,642
621
666
173
(631)
(750)
390
1,676
2,765
651
208
50,000
62,500
3,295
2,870
6,322
3,251
3,471
2,972
23
(59)
2,428
5,478
6,895
3,513
2,324
60,000
75,000
5,191
4,566
9,152
5,186
5,582
5,177
1,243
1,399
4,243
7,982
9,898
5,596
4,053
80,000
100,000
9,659
9,489
15,908
9,805
10,500
10,321
5,628
5,408
8,741
14,431
16,667
10,439
8,486
100,000
125,000
14,451
15,462
22,987
14,760
15,742
15,938
10,393
9,825
13,717
21,275
24,082
15,768
13,386
Other income (foreign dividends, interest, etc.)
Interest
Income
Taxable
Income
Total Federal +
Provincial Income Taxes Payable in 2011
AB
BC
MB
NB
NL
NS
NT
NU
ON
QC
PE
SK
YT
$15,000
$15,000
$671
$671
$1,290
$671
$671
$966
$444
$496
$846
$746
$1,136
$722
$734
30,000
30,000
4,223
4,492
5,282
4,731
4,616
4,860
3,392
3,046
4,276
5,716
5,106
4,622
4,292
50,000
50,000
9,816
9,616
11,405
10,634
10,617
11,442
8,253
7,349
9,680
12,640
11,378
10,596
9,516
60,000
60,000
13,016
12,586
14,880
14,044
14,067
15,151
11,213
10,049
12,795
16,577
14,958
14,096
12,684
80,000
80,000
19,416
18,741
22,435
20,881
21,097
22,885
17,444
15,865
19,596
24,526
22,583
21,096
19,020
100,000
100,000
26,492
26,222
30,992
28,438
28,834
31,355
24,961
22,742
28,154
33,764
31,031
28,773
26,437
Notes re all three tables:
- BC includes MSP premiums payable for 2012 based
on 2011 income
- Ontario
- includes Ontario Health Premium
- QC includes health contribution, contribution to the
health services fund, and prescription drug insurance plan premiums
To see the tax results for your own income situation, and how it would change if
the type of investment income changes, use our Income
Tax Planning Calculators.
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