If you’ve never heard of the dividend tax credit or the dividend gross up, here’s the basic idea: 1) There are actually two different dividend tax credits: the Provincial Dividend Tax Credit and the Federal Dividend Tax Credit 2) The reason for these tax credits is rooted in the idea...
1) There are actually two different dividend tax credits: the Provincial Dividend Tax Credit and the Federal Dividend Tax Credit 2) The reason for these tax credits is rooted in the idea of tax fairness. Because businesses pay corporate taxes before money is disbursed to shareholders, there is ...