Lines 12000 and 12010 – Taxable amount of dividends from taxable Canadian corporations
Canadian-source dividends are profits that you receive from your share of the ownership in a corporation.
There are two types of dividends – eligible dividends and other than eligible dividends – that you may have received from taxable Canadian corporations.
If you need more information about the type of dividends that you received, contact the payer of your dividends.
Dividends are usually shown on a T5 Slip, T4PS Slip, T3 Slip or T5013 Slip.
Completing your tax return
Complete the chart for lines 12000 and 12010 using your Federal Worksheet or report your dividends on your return as follows:
| Taxable amount of dividends (eligible and other than eligible) |
Taxable amount of dividends (other than eligible) |
|---|---|
Enter on line 12000 of your return the total of the amounts shown on the following slips:
|
Enter on line 12010 of your return the total of the amounts shown on the following slips:
|
If you did not receive an information slip
Complete the chart for lines 12000 and 12010 using your Federal Worksheet or report your dividends on your return as follows:
| Eligible dividends | Other than eligible dividends |
|---|---|
Multiply the actual amount you received by 138% Include this amount on line 12000 of your return |
Multiply the actual amount you received by 115% Include this amount on line 12000 and line 12010 of your return |
Tax Tips
In some cases, it may be better for you to report all of the taxable dividends that 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 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 on line 40425 for dividends that you received from taxable Canadian corporations.
Loans and transfers of property
Special rules apply for income from property (including shares) that one family member lends or transfers to another.
You may have to report income, such as dividends (line 12000) or interest (line 12100) from property, including money and any replacement property, that you loaned or transferred to your spouse or common-law partner or a related minor (including a niece or a nephew) under 18 years of age at the end of 2024. This includes loans or transfers to a trust in favour of such a person.
You may also have to report capital gains (line 12700) from property that you loaned or transferred to:
- your spouse or common-law partner
- a trust for your spouse or common-law partner
For more information, see archived interpretation bulletins IT-510, Transfers and Loans of Property Made After May 22, 1985 to a Related Minor, and IT-511R, Interspousal and Certain Other Transfers and Loans of Property, and Guide T4013, T3 Trust Guide.
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