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Federal & Provincial/Territorial Dividend Tax Credit Rates
for Eligible Dividends
Eligible
Dividend
Tax Credit Rates
as a % of Grossed-up Taxable Dividends
Year
Gross-
up
Federal
AB(12)
BC(7)
MB(8)
NB(2)
NL(1)
NS(4)
NT(6)
NU
ON(9)
PE(3)
QC(11)
SK(10)
YT(5)
2022-25
38%
15.0198%
8.12%
12%
8%
14%
6.3%
8.85%
11.5%
5.51%
10.0%
10.5%
11.70%
11%
12.02%
2021
38%
15.0198%
8.12%
12%
8%
14%
5.4%
8.85%
11.5%
5.51%
10.0%
10.5%
11.70%
11%
12.02%
2020
38%
15.0198%
10%
12%
8%
14%
5.4%
8.85%
11.5%
5.51%
10.0%
10.5%
11.70%
11%
12.02%
2019
38%
15.0198%
10%
12%
8%
14%
5.4%
8.85%
11.5%
5.51%
10.0%
10.5%
11.78%
11%
12.02%
2018
38%
15.0198%
10%
10%
8%
14%
5.4%
8.85%
11.5%
5.51%
10.0%
10.5%
11.86%
11%
12.02%
2017
38%
15.0198%
10%
10%
8%
14%
5.4%
8.85%
11.5%
5.51%
10.0%
10.5%
11.9%
10.75%
15.0%
2016
38%
15.0198%
10%
10%
8%
13.5%
5.4%
8.85%
11.5%
5.51%
10.0%
10.5%
11.9%
11%
15.0%
2015
38%
15.0198%
10%
10%
8%
12%
5.4%
8.85%
11.5%
5.51%
10.0%
10.5%
11.9%
11%
15.0%
2014
38%
15.0198%
10%
10%
8%
12%
5.4%
8.85%
11.5%
5.51%
10.0%
10.5%
11.9%
11%
15.08%
2012/13
38%
15.0198%
10%
10%
8%
12%
11%
8.85%
11.5%
5.51%
6.4%
10.5%
11.9%
11%
15.08%
2011
41%
16.4354%
10%
10.31%
11%
12%
11%
8.85%
11.5%
5.82%
6.4%
10.5%
11.9%
11%
15.08%
2010
44%
17.9739%
10%
10.83%
11%
12%
11%
8.85%
11.32%
6.11%
6.4%
10.5%
11.9%
11%
10.83%
2009
45%
18.9655%
10%
11%
11%
12%
9.75%
8.85%
11.5%
6.21%
7.4%
10.5%
11.9%
11%
11%
2008
45%
18.9655%
9.0%
12%
11%
12%
6.65%
8.85%
11.5%
6.20%
7.0%
10.5%
11.9%
11%
11%
2007
45%
18.9655%
8.0%
12%
11%
12%
6.65%
8.85%
11.5%
6.20%
6.7%
10.5%
11.9%
11%
11%
Eligible
Dividend
Tax Credit Rates
as a % of Actual Dividends
Year
Gross-
up
Federal
AB(12)
BC(7)
MB(8)
NB(2)
NL(1)
NS(4)
NT(6)
NU
ON(9)
PE(3)
QC(11)
SK(10)
YT(5)
2022-25
38%
20.73%
11.20%
16.6%
11.04%
19.32%
8.69%
12.21%
15.87%
7.60%
13.8%
14.49%
16.15%
15.18%
16.59%
2021
38%
20.73%
11.20%
16.6%
11.04%
19.32%
7.45%
12.21%
15.87%
7.60%
13.8%
14.49%
16.15%
15.18%
16.59%
2020
38%
20.73%
13.8%
16.6%
11.04%
19.32%
7.45%
12.21%
15.87%
7.60%
13.8%
14.49%
16.15%
15.18%
16.59%
2019
38%
20.73%
13.8%
16.6%
11.04%
19.32%
7.45%
12.21%
15.87%
7.60%
13.8%
14.49%
16.26%
15.18%
16.59%
2018
38%
20.73%
13.8%
13.8%
11.04%
19.32%
7.45%
12.21%
15.87%
7.60%
13.8%
14.49%
16.37%
15.18%
16.59%
2017
38%
20.73%
13.8%
13.8%
11.04%
19.32%
7.45%
12.21%
15.87%
7.60%
13.8%
14.49%
16.42%
14.84%
20.70%
2016
38%
20.73%
13.8%
13.8%
11.04%
18.63%
7.45%
12.21%
15.87%
7.60%
13.8%
14.49%
16.42%
15.18%
20.70%
2015
38%
20.73%
13.8%
13.8%
11.04%
16.56%
7.45%
12.21%
15.87%
7.60%
13.8%
14.49%
16.42%
15.18%
20.70%
2014
38%
20.73%
13.8%
13.8%
11.04%
16.56%
7.45%
12.21%
15.87%
7.60%
13.8%
14.49%
16.42%
15.18%
20.81%
2012/13
38%
20.73%
13.8%
13.8%
11.04%
16.56%
15.18%
12.21%
15.87%
7.60%
8.83%
14.49%
16.42%
15.18%
20.81%
2011
41%
23.17%
14.1%
14.53%
15.51%
16.92%
15.51%
12.48%
16.22%
8.20%
9.02%
14.81%
16.78%
15.51%
21.26%
2010
44%
25.88%
14.4%
15.60%
15.84%
17.28%
15.84%
12.74%
16.30%
8.80%
9.22%
15.12%
17.14%
15.84%
15.60%
2009
45%
27.50%
14.5%
15.95%
15.95%
17.40%
14.14%
12.83%
16.68%
9.00%
10.73%
15.23%
17.26%
15.95%
15.95%
2008
45%
27.50%
13.05%
17.40%
15.95%
17.40%
9.64%
12.83%
16.68%
8.99%
10.15%
15.23%
17.26%
15.95%
15.95%
2007
45%
27.50%
11.60%
17.40%
15.95%
17.40%
9.64%
12.83%
16.68%
8.99%
9.72%
15.23%
17.26%
15.95%
15.95%
Prior to 2006, there was only one type of dividend, and the dividend
gross-up was 25%.
(1)
See NL dividend tax credits
re 2022 rate increase, and for detail on rates for 2010 and 2014, when the rates
changed effective July 1st.
(2) NB rates for 2016 and 2017 revised by
Bill 32, which received Royal Assent in July 2016.
(3)
PEI
dividend tax credit rate for 2010 to 2012 for eligible dividends revised by Bill 26, Income
Tax (Dividend Tax Credits) Amendment Act in December 2010.
(4) NS is as per Bill 27 Financial Measures
(2011) Act, introduced in April 2011.
(5) YT rate is dependent on corporate income tax
rates, gross-up % and highest personal income tax (PIT) rate.
Revised as per YT
2015 Budget increase in highest PIT rate. The 2018 rate is revised based in the reduction of the general corporate income tax rate
effective July 1, 2017, as per the YT
2017 Budget.
(6) NT rates for 2011
and later years as per legislation revised in November 2010.
(12) The Alberta 2019 Budget and June
29, 2020 Recovery Plan announced the reduction to the 2021 dividend tax credit
rate for eligible dividends. See Alberta dividend tax credits.
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