Final answer:
The approximate amount of federal tax payable on a $1,000 dividend received from a Canadian company for an investor in a 26% federal tax bracket is $260.
Step-by-step explanation:
To calculate the approximate amount of federal tax payable on a $1,000 dividend received from a Canadian company, we need to determine the tax liability based on the investor's tax bracket. Since the investor is in a 26% federal tax bracket, we can calculate the tax payable by multiplying the dividend amount by the tax rate.
The federal tax payable would be approximately $260, as $1,000 x 26% = $260.
Therefore, the approximate amount of federal tax payable on a $1,000 dividend received from a Canadian company for an investor in a 26% federal tax bracket is $260.