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Line 40425 - Federal dividend tax credit

Federal Line 40425 - Federal dividend tax credit

If you reported dividends on line 12000 of your return, claim on line 40425 of your return the total of the dividend tax credits from taxable Canadian corporations shown on your information slips.

The federal dividend tax credit amounts are usually shown on a T5 slip, T4PS slip, T3 slip, and T5013 slip.

If you did not receive an information slip, report your dividends as follows:

Amount of eligible dividends Amount of dividends other than eligible dividends
Multiply the amount from line 12000 of your return by 15.0198%. Multiply the amount from line 12010 of your return by 9.0301%.

Note
Foreign dividends do not qualify for this credit.

Enter the amount of your federal dividend tax credit on line 40425 of your return.

Complete Form 428 for your province or territory of residence to calculate the provincial or territorial dividend tax credit that you may be entitled to.