(1) NL DTC rate for eligible dividends
received from January 1 to June 30, 2010 is 9.6% of the grossed-up taxable
dividend, and 13.82% of the actual dividend. The DTC in the above
tables is for eligible dividends received on or after July 1, 2010.
(2) The NB Income Tax Act (ITA) defines the
dividend tax credit of 87/225ths of the federal gross-up amount, to yield
a dividend tax credit of 12%. The 87/225ths of the gross-up amount
only yields 12% with a gross-up of 45%. With the publishing of the
2010 NB428 tax return form, it is confirmed that the 87/225ths is being
ignored, and the 12% is being used, when the gross-up is reduced.
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 rates as per Bill 92 passed December
10, 2010. Dependent on corporate income tax rates.
(6) NT rates for 2011
and later years as per legislation revised in November 2010.
(7) BC rate for 2012
and later years as per BC 2012 Budget.
(8) MB rate for 2012
and later years as per MB 2012 Budget.
(9) ON rate for 2014
and later years as per ON November 7, 2013 Economic Outlook. See ON
dividend tax credit article.
See also our article which shows the maximum
amount of dividends that can be received before any tax is payable.
Revised: November 20, 2013