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Home -> Personal Tax -> Dividend tax credits ->Tax Rates -> Tax comparisons -> Tax Comparisons Dividends vs Interest -> 20222022 Tax Comparison of Canadian Dividends vs InterestThe tables on this page compare taxes payable by province/territory in 2022 for three different types of investment income: Canadian non-eligible Canadian dividends, and other investment income such as foreign dividends and interest. These tax comparisons have been revised to reflect indexation of Alberta's personal income tax system for 2022. The calculations assume that:
Notes:
The tax rates used are as known on September 18, 2022. The total taxes payable include any alternative minimum tax, where applicable. Taxes Payable on Eligible DividendsRevised to reflect indexation of Alberta's personal income tax system for 2022. Note: Eligible dividends gross-up % is 38%, as it has been since 2012. The NT & NU refundable amounts are from their cost of living tax credits.
Taxes Payable on Non-Eligible DividendsRevised to reflect indexation of Alberta's personal income tax system for 2022. Note: Non-eligible dividends gross-up % is 15%, as it has been since 2019. The NT & NU refundable amounts are from their cost of living tax credits.
Taxes Payable on Other Income(foreign dividends, interest, etc.)Revised to reflect indexation of Alberta's personal income tax system for 2022. The NT & NU refundable amounts are from their cost of living tax credits.
Tax Tip: Interest and foreign dividends are not as tax-efficient as Canadian dividends! Revised: September 18, 2022
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