Pure Dividend

Income Levels   RRSP Account     Taxable Account     Difference  
 First $36,848  $2,048 $2,196 ($148)
 Upto $40,726  $1,967 $2,026 ($59)
 Upto $64,882  $1,786 $1,676 $110
 Upto $73,698  $1,738 $1,624 $114
 Upto $76,440  $1,676 $1,516 $160
 Upto $81,452  $1,572 $1,397 $175
 Upto $126,264  $1,468 $1,236 $232
 Over $126,264  $1,390 $1,125 $265

Typical Dividends

Income Levels   RRSP Account     Taxable Account     Difference  
 First $36,848  $2,048 $2,066 ($18)
 Upto $40,726  $1,967 $1,946 $21
 Upto $64,882  $1,786 $1,691 $95
 Upto $73,698  $1,738 $1,640 $98
 Upto $76,440  $1,676 $1,557 $119
 Upto $81,452  $1,572 $1,444 $128
 Upto $126,264  $1,468 $1,314 $154
 Over $126,264  $1,390 $1,221 $169

I ran the numbers and, perhaps because of different assumptions, calculated a different output for Pure and Typical Dividend Payers results. Not a big difference for the Pure scenario but significant difference for the Typical scenario.

For the Pure, my formula comes out to be:
$1,000 * (1-TR) * ( 1+0.1 * (1-DR) ) ^ 10

This reflects the assumption that we are getting dividend income based on the value of the equity position at the beginning of the year, paying taxes on it annually, and then reinvesting the dividend at the end of the year post taxes.

For the Typical scenario, the formulas are understandably more complex.

I needed to calculate the Investment’s projected value and its Adjusted Cost Base in order to come up with the final after tax answer.

The investment portfolio’s value (before Capital Gains taxes but after all dividends have been reinvested annually with any tax owing paid) is found by
I(n) = $1,000 * (1-TR)*(1+10%*(1-0.4*DTR))^n

ACB(n)=$1,000 * (1-TR)*(1-0.4*(1-DTR)*(1-(1+10%*(1-0.4*DTR))^(n+1)/(1-0.4*DTR))

(Note: I actually used a more flexible formula to allow one to adjust the capital gain vs. dividend income ratio. Substitute (1-CGC) where it says 0.4 and CGC represents the Capital Gains Contribution ratio – in your example CGC would be 0.6)

If I’ve done everything correctly, then the picture after all annual dividend taxes and after the capital gains taxes are paid the figures become:

Pure Dividend Payers
  RRSP Account     Taxable Account     Difference  
 First $36,848  $2,048 $2,196 ($148)
 Upto $40,726  $1,967 $2,026 ($59)
 Upto $64,882  $1,786 $1,676 $110
 Upto $73,698  $1,738 $1,624 $114
 Upto $76,440  $1,676 $1,516 $160
 Upto $81,452  $1,572 $1,397 $175
 Upto $126,264  $1,468 $1,236 $232
 Over $126,264  $1,390 $1,125 $265

Typical Dividend Payers
  RRSP Account     Taxable Account     Difference  
 First $36,848  $2,048 $2,066 ($18)
 Upto $40,726  $1,967 $1,946 $21
 Upto $64,882  $1,786 $1,691 $95
 Upto $73,698  $1,738 $1,640 $98
 Upto $76,440  $1,676 $1,557 $119
 Upto $81,452  $1,572 $1,444 $128
 Upto $126,264  $1,468 $1,314 $154
 Over $126,264  $1,390 $1,221 $169

I trust you will point out any errors in my assumptions or calculations.