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

question 146

Multiple Choice

Calculate the tax difference between a British Columbia resident and an Alberta resident both having $20,000 in capital gains and $10,000 in eligible dividends. $\textbf{ Combined marginal tax rates for individuals in top provincial tax brackets }$

• A) British Columbia resident would pay $1,919.00 more than the Alberta resident.
• B) British Columbia resident would pay $1,919.00 less than the Alberta resident.
• C) British Columbia resident would pay $1,619.00 more than the Alberta resident.
• D) British Columbia resident would pay $1,619.00 less than the Alberta resident.
• E) There are no tax differences between the two tax payers.

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Definitions:

Settlement

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Financial assistance mandated by a court, typically in the context of divorce or separation, for the support of a spouse or children.

Visitation Agreement

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