Line 12000 - Taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations

Note: Line 12000 was line 120 before tax year 2019.

Canadian-source dividends are profits you receive from your share of the ownership in a corporation.

There are two types of dividends, eligible dividends and other than eligible dividends, you may have received from taxable Canadian corporations.

If you need more information about the type of dividends you received, contact the payer of your dividends.

Dividends are usually shown on the following slips:

Completing your tax return 

Complete the chart for the lines 12000, 12100, 12010 and 22100 on the Worksheet for the return and report your dividends as follows:

Dividends 1
Amount of dividends (eligible and other than eligible) Amount of dividends (other than eligible)
Enter on line 12000 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 12010 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:

Dividends 2
Eligible dividents Other than eligible dividents
Multiply the actual amount you recieved by 138% Multiply the actual amount you recieved by 115%
Report the result on line 12000 of your return Report the results on lines 12000 and 12010 of your returns

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 .

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 30300 of your return. If you use 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 40425.

Completing your Worksheet for the return

In Part I, report the taxable amount of your dividends from taxable Canadian corporations, including the amounts shown in:

  • boxes 11 and 25 on your T5 slips
  • boxes 25 and 31 on your T4PS slips
  • boxes 32 and 50 on your T3 slips
  • boxes 130 and 133 on your T5013 slips
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