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Personal Tax -> Dividend tax credits -> Prior dividend tax credit rates

2004 and 2005 dividend tax credit rates for Canadian dividends

2005 & 2004 Dividend Tax Credit Rates as a % of Grossed-up Taxable Dividends (25% gross-up) 

Federal

NL PE NS NB QC

ON

MB SK AB

BC

YT

NT

NU

13.333% 5% 7.7% 7.7% 3.7% 10.83% 5.13% 5% 8% 6.4% 5.1% 5.9% 6% 4%

2005 & 2004 Dividend Tax Credit Rates as a % of Actual Dividends

Federal

NL PE NS NB QC

ON

MB SK AB

BC

YT

NT

NU

16.667% 6.25% 9.625% 9.625% 4.625% 13.5375% 6.4125% 6.25% 10% 8% 6.375% 7.375% 7.5% 5%

The dividend tax credit for dividends received after 2005 depends on the type of corporation paying the dividend.  Most dividends received from Canadian public corporations are eligible for the enhanced dividend tax credit (eligible dividends), while most dividends received from Canadian-controlled private corporations (CCPCs) are eligible for the regular, or small business dividend tax credit.  The two types of Canadian dividends are usually referred to as "eligible" or "non-eligible" dividends.

Revised: September 19, 2017

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