The Canada Revenue Agency (CRA) has Eligible Dividend tax rates and Non-eligible Dividend tax rates for both regular and capital gains income.
For Regular income tax, the tax rates for 2020 for Eligible Dividends (also known as "gross-up") are as follows:
For those with a taxable income up to $48,535, the tax rate is 15.0170%.
For those with taxable income from $48,535 to $97,069, the tax rate is 20.0650%.
For those with taxable income from $97,069 to $150,473, the tax rate is 26.7900%.
For those with taxable income above $150,473, the tax rate is 33.6361%.
For Non-eligible Dividends, the tax rate for 2020 is as follows:
For those with a taxable income up to $48,535, the tax rate is 17.9320%.
For those with taxable income from $48,535 to $97,069, the tax rate is 23.3120%.
For those with taxable income from $97,069 to $150,473, the tax rate is 29.6040%.
For those with taxable income above $150,473, the tax rate is 36.1150%.
The tax rates for Capital Gains for 2020 are as follows:
For those with a taxable income up to $48,535, the tax rate is 7.7156%.
For those with taxable income from $48,535 to $97,069, the tax rate is 11.7600%.
For those with taxable income from $97,069 to $150,473, the tax rate is 15.6314%.
For those with taxable income above $150,473, the tax rate is 17.5850%.
These tax rates are applicable as of 2020 and may change over time – make sure to check with the Canada Revenue Agency for updates.