Even in situations where provincial tax and dividend tax credit rates favour the use of dividends, owner-managers may retain more after tax income if they receive some part of their compensation in the form of salary. Explain this statement.

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The Answer of Even in situations where provincial tax and dividend tax credit rates favour the use of dividends, owner-managers may retain more after tax income if they receive some part of their compensation in the form of salary. Explain this statement.

Even in Situations Where Provincial Tax and Dividend Tax Credit