Lines 12000 and 12010 – Taxable amount of dividends from taxable Canadian corporations

Note: Line 12000 was line 120 and line 12010 was line 180 before tax year 2019.

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 the following slips:

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
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:
■ boxes 32 and 50 of all T3 slips
■ boxes 25 and 31 of all T4PS slips
■ boxes 11 and 25 of all T5 slips
■ boxes 130 and 133 of all T5013 slips
Enter on line 12010 of your return the total of the amounts shown on the following slips:
■ box 32 of all T3 slips
■ box 25 of all T4PS slips
■ box 11 of all T5 slips
■ box 130 of all T5013 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:

Taxable amount of dividends if you did not receive an information slip
Eligible dividends Other than eligible dividends
Multiply the actual amount you received by 138% Multiply the actual amount you received by 115%
Include this amount on line 12000 of your return Include this amount on line 12000 and line 12010 of your return

Note

Special rules apply for income from property (including shares) that 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 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 40425.

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