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

question 178

Multiple Choice

Calculate the tax difference between a British Columbia resident and an Alberta resident both having $20,000 in interest income and $25,000 in capital gains. $\textbf{ Combined marginal tax rates for individuals in top provincial tax brackets }$

• A) British Columbia resident would pay $2,210.00 more than the Alberta resident.
• B) British Columbia resident would pay $2,210.00 less than the Alberta resident.
• C) British Columbia resident would pay $3,500.00 more than the Alberta resident.
• D) British Columbia resident would pay $3,500.00 less than the Alberta resident.
• E) There are no tax differences between the two tax payers.

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Object permanence is the understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept crucial in cognitive development of infants.

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