Quote:
Originally Posted by Slava
It depends on your income. But interest is fully taxed as income, capital gains are half and eligible dividends are close to the capital gains rate. If you’re in the 38% bracket (about $131k-$155k), the capital gains rate is 19%, and the eligible dividend rate is 20.51%. Interest is still 38%.
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Thanks man! I'm personally not, so I'd fall into the first portion. The payouts from income trust payments is that considered interest?