Line 120 - Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations

Line 120 - Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations

Complete the chart for lines 120, 121, 180, and 221 on the Worksheet for the return and report your dividends as follows:

Amount of dividends (eligible and other than eligible)	Amount of dividends (other than eligible)
Enter on line 120 of your return the amounts shown on these slips: boxes 32 and 50 of the T3 slips boxes 25 and 31 of the T4PS slip boxes 11 and 25 of the T5 slips boxes 130 and 133 of the T5013 slips	Enter on line 180 of your return the amounts shown on these slips: box 32 of the T3 slips box 25 of the T4PS slip box 11 of the T5 slips box 130 of the T5013 slips

If you did not receive an information slip

Calculate the taxable amount of dividends as follows:

Eligible dividends	Other than eligible dividends
Multiply the actual amount you received by 138%.	Multiply the actual amount you received by 116%.
Report the result on line 120 of your return.	Report the result on lines 120 and 180 of your return.

Note
Special rules apply for income from property (including shares) one family member lends or transfers to another. For more information, see "Loans and transfers of property" at the end of Step 2 - Total income of this guide.

Tax Tips
In some cases, it may be better for you to report all the taxable dividends your spouse or common-law partner received from taxable Canadian corporations. You can do this only if it allows you to claim or increase your claim for the spouse or common-law partner amount on line 303 of your Schedule 1. If you choose this option, do not include these dividends in your spouse's or common-law partner's income.

You may be able to claim a dividend tax credit for dividends you received from taxable Canadian corporations. See Line 425 of this guide.