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Tax Comparison Investment Income 2013 TaxTips.ca
Canadian Tax and
Financial Information

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Personal Tax   ->   Dividend tax credits ->
                         ->   Tax Rates   ->   Tax comparisons   ->   Tax Comparisons Investment Income

2013 Tax Comparison of Dividends vs Interest

The tables on this page compare taxes payable by province/territory in 2013 for three different types of investment income:

  - Canadian eligible dividends

  - Canadian 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  at Dec 31, 2013 (QC results have been revised).  The total taxes payable include any alternative minimum tax, where applicable.

Taxes Payable on Eligible Dividends

Actual
Eligible
Dividends
Taxable
Income
Total Federal + Provincial Income Taxes Payable (Refundable) in 2013
AB BC MB NB NL NS NT NU ON PE QC SK YT
$30,000 $41,400 $0 $831 $403 $0 $0 $0 $(680) $(828) $450 $0 $913 $0 $0
50,000 69,000 111 942 1,918 111 111 1,921 (831) (1,089) 711 499 2,755 111 111
60,000 82,800 1,439 2,266 4,583 1,498 1,483 4,389 524 266 2,418 2,743 5,027 1,479 1,463
80,000 110,400 4,488 5,314 10,248 4,579 4,556 9,772 3,588 3,788 6,779 7,536 11,254 4,550 4,526
100,000 138,000 7,447 8,274 15,783 7,843 7,858 15,091 6,534 7,774 11,053 12,179 18,102 8,023 7,473

Taxes Payable on Non-Eligible Dividends

Actual
Non-eligible
Dividends
Taxable
Income
Total Federal + Provincial Income Taxes Payable in 2013
AB BC MB NB NL NS NT NU ON PE QC SK YT
$15,000 $18,750 $0 $0 $689 $0 $0 $0 $(396) $(375) $0 $476 $285 $0 $0
30,000 37,500 678 934 2,561 652 542 151 (631) (750) 390 2,052 1,604 948 172
50,000 62,500 3,015 2,718 6,023 3,345 3,129 2,732 (195) (358) 2,106 5,489 5,167 3,802 2,016
60,000 75,000 4,911 4,339 8,853 5,448 5,209 4,937 939 1,100 3,920 8,255 7,672 6,011 3,746
80,000 100,000 9,218 9,038 15,448 10,391 9,966 9,919 5,030 4,871 8,178 14,387 13,285 10,943 7,946
100,000 125,000 14,009 14,915 22,527 15,848 15,205 15,535 9,747 9,288 13,075 21,089 21,106 16,407 12,845

Taxes Payable on Other income (foreign dividends, interest, etc.)

Interest
Income
Taxable
Income
Total Federal + Provincial Income Taxes Payable in 2013
AB BC MB NB NL NS NT NU ON PE QC SK YT
$15,000 $15,000 $594 $519 $1,133 $594 $594 $867 $330 $396 $700 $1,059 $674 $594 $650
30,000 30,000 4,085 4,426 5,125 4,620 4,504 4,761 3,278 2,946 4,176 5,029 5,779 4,468 4,179
50,000 50,000 9,536 9,464 11,106 10,558 10,275 11,202 7,949 7,050 9,358 11,160 12,330 10,261 9,208
60,000 60,000 12,736 12,434 14,581 14,104 13,725 14,911 10,909 9,750 12,473 14,740 16,267 13,761 12,376
80,000 80,000 19,136 18,510 22,135 21,217 20,724 22,645 17,008 15,550 19,050 22,365 24,141 20,761 18,712
100,000 100,000 26,051 25,771 30,531 29,024 28,300 30,952 24,363 22,205 27,350 30,651 33,158 28,276 25,888
Notes re all three tables:
bullet BC includes MSP premiums payable for 2014 based on 2013 income
bulletOntario - includes Ontario Health Premium
bulletQC includes progressive health contribution, contribution to the health services fund, and prescription drug insurance plan premiums
bulletQC taxes are net of tax credit for person living alone 

TaxTips.ca Resources

Income Tax Planning Calculators

Tax Comparisons by Province and Territory, which compare different levels of employment income.  

Revised: April 27, 2021

 

 

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