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Comparisons -> Tax comparison for seniors with investment income
Seniors: Tax Comparison of Canadian Eligible Dividends vs Other Investment Income
The tax comparison tables compare taxes payable by province for two different types of income:
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The calculations assume that the income is received by a single senior.
2017 Tax Comparison for Seniors
2016 Tax Comparison for Seniors
2015 Tax Comparison for Seniors
2014 Tax Comparison for Seniors
2013 Tax Comparison for Seniors
2012 Tax Comparison for Seniors
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.
See also:
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: September 20, 2017