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Calculate the Tax Difference Between a British Columbia Resident and an Ontario

Question 260

Multiple Choice

Calculate the tax difference between a British Columbia resident and an Ontario resident both having $20,000 in interest income and $25,000 in capital gains. Calculate the tax difference between a British Columbia resident and an Ontario resident both having $20,000 in interest income and $25,000 in capital gains.   A)  British Columbia resident would pay $1,213.50 more than the Ontario resident. B)  British Columbia resident would pay $1,213.50 less than the Ontario resident. C)  British Columbia resident would pay $1,456.50 more than the Ontario resident. D)  British Columbia resident would pay $1,456.50 less than the Ontario resident. E)  There are no tax differences between the two tax payers.


A) British Columbia resident would pay $1,213.50 more than the Ontario resident.
B) British Columbia resident would pay $1,213.50 less than the Ontario resident.
C) British Columbia resident would pay $1,456.50 more than the Ontario resident.
D) British Columbia resident would pay $1,456.50 less than the Ontario resident.
E) There are no tax differences between the two tax payers.

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