Personal Tax -> Dividend tax credits -> Tax Comparisons
Tax Rates -> Tax Comparisons -> Tax comparison for seniors with investment income
The calculations assume that the income is received by a single senior.
Although the higher taxable income with Canadian eligible dividends causes a clawback of the OAS and a higher clawback of the age credit, the taxes payable including the clawback are still significantly lower.
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, in particular the Investment Income Tax Calculator.
Tax Comparisons of Canadian Eligible Dividends, Non-Eligible Dividends and Other Income, for people who are not seniors.
Tax Comparisons of Employment Income by Province and Territory, which compares different levels of employment income for people who are not seniors.
Revised: April 27, 2021
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