Calculate the tax difference between a British Columbia resident and an Ontario resident both having $20,000 in capital gains and $10,000 in eligible dividends. Combined marginal tax rates for individuals in top provincial tax brackets
A) British Columbia resident would pay $999.00 more than the Ontario resident.
B) British Columbia resident would pay $999.00 less than the Ontario resident.
C) British Columbia resident would pay $888.00 more than the Ontario resident.
D) British Columbia resident would pay $888.00 less than the Ontario resident.
E) There are no tax differences between the two tax payers.
Correct Answer:
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