Calculate the Tax Difference Between a British Columbia Resident and a Quebec

question 250

Multiple Choice

Calculate the tax difference between a British Columbia resident and a Quebec 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 $1,072.00 more than the Quebec resident.
• B) British Columbia resident would pay $1,072.00 less than the Quebec resident.
• C) British Columbia resident would pay $2,502.00 more than the Quebec resident.
• D) British Columbia resident would pay $2,502.00 less than the Quebec resident.
• E) There are no tax differences between the two tax payers.

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