During 2020 Thelma Evatt receives eligible dividends of $23,000. She has no other source of income in that year. What would be the amount of federal Tax Payable or refund on these dividends?

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Eligible dividends are grossed-up by 38% for tax purposes, but since Thelma's total income is below the basic personal amount, she would not owe any federal tax. Additionally, the dividend tax credit would offset any federal tax owing on the grossed-up amount, leading to no federal tax payable.

During 2020 Thelma Evatt Receives Eligible Dividends of $23,000