Line 40425 – Federal dividend tax credit
Note: Line 40425 was line 425 before tax year 2019.
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.
|Amount of eligible dividends||Amount of dividends other than eligible dividends|
|Multiply the taxable amount of eligible dividends that you reported on line 12000 of your return by 15.0198%.||Multiply the taxable amount that you reported on line 12010 of your return by 9.0301%.|
Foreign dividends do not qualify for this credit.
Completing your tax return
Enter the amount of your federal dividend tax credit on line 40425 of your return.
Forms and publications
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