1. Income tax
The amounts assume that all income is interest, ordinary income (such as salary) and/or taxable capital gains, and only the basic personal tax credit is claimed. The results will differ if the taxpayer is entitled to claim other non-refundable tax credits or if taxable income includes eligible or non-eligible dividends. Certain types of income and deductions may make alternative minimum tax (AMT) apply, in addition to income tax.
2. Marginal tax rates
The marginal tax rates show the percentage of tax that would be paid on additional income.
3. Canadian dividends