RE:RE:RE:RE:RE:RE:RE:RE:We are going to the poll soon …..You're right Red..."INTEREST or CAPITAL GAINS Incomes Do NOT Have ANY Darn GROSS UP"
That's because with interest and cap. gains you don't get a tax credit like you do with eligible dividends.
https://www.investopedia.com/terms/d/dividendtaxcredit.asp
The gross up you object to merely equals the playing field between the three sources of income BUT ONLY as it pertains to OAS clawbacks. If you had dividend income and made less than 91,000 dollars a year it would not affect you one bit. Your dividend income would get a more favourable tax treatment than the other two streams of income. FACE IT Red, you make too much money! ;););)
Sounds to me like you REALLY enjoy taking the tax credit when you write it in...but object that if you make more than 91k the govt. wants to start taking some of it back through the OAS clawback.
Life too short to be always riled up about taxes, Red...especially at our age.
If you want to feel better, instead of focusing on the cheque you have to write to the CRA every year,
type your total tax paid in a calculator...hit divide...enter your total income...and then hit the % button.
It works for me.