CIFPs: Tax & Budget 2012 Update
CIFPs: Tax & Budget 2012 Update
CIFPs: Tax & Budget 2012 Update
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<strong>Tax</strong> rates – Average v. Marginal<br />
Cash income $125,000<br />
<strong>Tax</strong>able income $115,500<br />
• Dividends (@ 141%) $70,500<br />
• Capital gains (50%) $30,000<br />
• Interest income $15,000<br />
Marginal <strong>Tax</strong> Rate 39%<br />
Total <strong>Tax</strong>: (Fed + ON) $ 16,387<br />
Effective tax rate 14%
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