(Solution) - Anne received the following dividend income during the current year -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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Anne received the following dividend income during the current year:
? $1,000 of eligible dividends from taxable Canadian corporations
? $1,000 of non-eligible dividends from taxable Canadian corporations
? $1,000 of foreign dividends. The foreign country withheld $150 in foreign tax and Anne received the net amount of $850.
Determine the amount of dividend income to be included in Anne?s property income for the current year. Income tax reference: ITA 12(1)(j), (k), 82(1).