Federal dividend tax credit – Personal income tax
- Federal: Line 40425
- Provincial or territorial: Line 61520
- Tax year: 2025| Prior tax years: 2025 and earlier
You may be able to claim the federal dividend tax credit if you reported dividend income from taxable Canadian corporations on your income tax and benefit return.
On this page
Who can claim the federal dividend tax credit
Generally, you can claim the federal dividend tax credit if you meet all of the following conditions:
- You received dividends from taxable Canadian corporations (foreign dividends do not qualify for this credit)
- You reported these dividends on your income tax return on:
- Line 12000 (eligible dividends)
- Line 12010 (other than eligible dividends)
How much you can claim
The amount you can claim depends on:
- the type of dividend (eligible or other than eligible)
- the taxable amount of the dividends reported on your income tax return
Calculate your dividend tax credit
Federal amount for 2025Your federal dividend tax credit is the total of the dividend tax credit amounts shown on your information slips:
- T3 slips (boxes 39 and 51)
- T4PS slips (boxes 26 and 32)
- T5 slips (boxes 12 and 26)
- T5013 slips (boxes 131 and 134)
If you did not receive an information slip for any of the dividends that you received, complete the chart for line 40425 on your Federal Worksheet to calculate your claim.
Provincial and territorial amounts for 2025
The dividend tax credit amount you can claim may also vary depending on the province or territory where you lived at the end of the year:
AlbertaComplete the chart for line 61520 on Worksheet AB428 to calculate your claim.
British ColumbiaComplete the chart for line 61520 on Worksheet BC428 to calculate your claim.
ManitobaComplete the chart for line 61520 on Worksheet MB428 to calculate your claim.
New BrunswickComplete the chart for line 61520 on Worksheet NB428 to calculate your claim.
Newfoundland and LabradorComplete the chart for line 61520 on Worksheet NL428 to calculate your claim.
Northwest TerritoriesComplete the chart for line 61520 on Worksheet NT428 to calculate your claim.
Nova ScotiaComplete the chart for line 61520 on Worksheet NS428 to calculate your claim.
NunavutComplete the chart for line 61520 on Worksheet NU428 to calculate your claim.
OntarioComplete the chart for line 61520 on Worksheet ON428 to calculate your claim.
Prince Edward IslandComplete the chart for line 61520 on Worksheet PE428 to calculate your claim.
QuebecRefer to: Revenu Québec
SaskatchewanComplete the chart for line 61520 on Worksheet SK428 to calculate your claim.
YukonComplete the chart for line 61520 on Worksheet YT428 to calculate your claim.
How to claim this credit
Claim the dividend tax credit on your federal tax return and your provincial or territorial Form 428.
- Federal tax return
On line 40425 of your federal tax return, enter the federal dividend tax credit amount that you determined under How much you can claim.
Provincial or territorial Form 428
Residents of a province or territory other than Quebec
On line 61520 of your provincial or territorial Form 428, enter the provincial or territorial dividend tax credit amount that you determined under How much you can claim.
Province or territory Form AlbertaForm AB428 British ColumbiaForm BC428 ManitobaForm MB428 New BrunswickForm NB428 Newfoundland and LabradorForm NL428 Northwest TerritoriesForm NT428 Nova ScotiaForm NS428 NunavutForm NU428 OntarioForm ON428 Prince Edward IslandForm PE428 SaskatchewanForm SK428 YukonForm YK428 Residents of Quebec
Province or territory Form QuebecRefer to:
Revenu Québec
References
Forms and publications
- Worksheet 5000-D1, Federal Worksheet (for all except non-residents)
- Form 5009-C, AB428 – Alberta Tax and Credits
- Worksheet 5009-D, Worksheet AB428 – Alberta
- Form 5010-C, BC428 – British Columbia Tax
- Worksheet 5010-D, Worksheet BC428 – British Columbia
- Form 5007-C, MB428 – Manitoba Tax
- Worksheet 5007-D, Worksheet MB428 – Manitoba
- Form 5004-C, NB428 – New Brunswick Tax and Credits
- Worksheet 5004-D, Worksheet NB428 – New Brunswick
- Form 5001-C, NL428 – Newfoundland and Labrador Tax
- Worksheet 5001-D, Worksheet NL428 – Newfoundland and Labrador
- Form 5012-C, NT428 – Northwest Territories Tax
- Worksheet 5012-D, Worksheet NT428 – Northwest Territories
- Form 5003-C, NS428 – Nova Scotia Tax
- Worksheet 5003-D, Worksheet NS428 – Nova Scotia
- Form 5014-C, NU428 – Nunavut Tax
- Worksheet 5014-D, Worksheet NU428 – Nunavut
- Form 5006-C, ON428 – Ontario Tax
- Worksheet 5006-D, Worksheet ON428 – Ontario
- Form 5002-C, PE428 – Prince Edward Island Tax and Credits
- Worksheet 5002-D, Worksheet PE428 – Prince Edward Island
- Form 5008-C, SK428 – Saskatchewan Tax
- Worksheet 5008-D, Worksheet SK428 – Saskatchewan
- Form 5011-C, YT428 – Yukon Tax
- Worksheet 5011-D, Worksheet YT428 – Yukon
Related topics
Legislation
- ITA: 121
- Deduction for taxable dividends
- ITA: 82(1)
- Taxable dividends received