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Seniors Tax Comparison of Canadian Dividends vs Other Investment Income 2013
The table on this page compares taxes payable by province in 2013 for two different types of income:
The calculations assume that the income is received by a single senior. The tax rates used are as known at Dec 31, 2013.
The total income in each case includes:
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 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.
See also Tax Comparisons by Province and Territory, which compare different levels of employment income for people who are not seniors.
Revised: September 18, 2022
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