Total amount of $10 000 interest will pay higher taxes than total amount of $10 000 eligible dividends.

Name: Total amount of $10 000 interest will pay higher taxes than total amount of $10 000 eligible dividends.
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Question

Quizplus · Accepted Answer

Interest income is taxed at a higher rate than eligible dividends in most countries, including Canada and the United States. Therefore, if the total amount of $10,000 is earned as interest, it will result in higher taxes than if it was earned as eligible dividends.

Total Amount of $10 000 Interest Will Pay Higher Taxes