TaxTips.ca
Canadian Tax and
Financial Information
Enhanced Dividend Tax Credit Rates

TaxTips.ca does not research or endorse any product   or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Business Directory.     Stay Connected with TaxTips.ca!  Internet Explorer - Use compatibility view for calculators to work properly!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Business Directory
Advertise With Us
Contact Us/About Us
Links & Resources


Personal Tax -> Dividend tax credits -> Enhanced dividend tax credit -> Enhanced Dividend Tax Credit Rates

Federal & Provincial/Territorial Enhanced Dividend Tax Credit Rates

 

2007 to 2014 Enhanced Dividend Tax Credit Rates
as a % of Grossed-up Taxable Dividends

Year Gross
-up

Federal

AB 

BC(7)

MB(8) NB(2) NL NS(4)

NT(6)

NU

ON(9)

PE(3) QC SK 

YT(5)

2014 38% 15.02% 10% 10% 8% 12% 5.4%(1) 8.85% 11.5% 5.51% 10.0% 10.5% 11.9% 11% 15.08%
2012/13 38% 15.02% 10% 10% 8% 12% 11% 8.85% 11.5% 5.51% 6.4% 10.5% 11.9% 11% 15.08%
2011 41% 16.44% 10% 10.31% 11% 12% 11% 8.85% 11.5% 5.82% 6.4% 10.5% 11.9% 11% 15.08%
2010 44% 17.97% 10% 10.83% 11% 12% 11%(1) 8.85% 11.32% 6.11% 6.4% 10.5% 11.9% 11% 10.83%
2009 45% 18.97% 10% 11% 11% 12% 9.75% 8.85% 11.5% 6.21% 7.4% 10.5% 11.9% 11% 11%
2008 45% 18.97% 9.0% 12% 11% 12% 6.65% 8.85% 11.5% 6.20% 7.0% 10.5% 11.9% 11% 11%
2007 45% 18.97% 8.0% 12% 11% 12% 6.65% 8.85% 11.5% 6.20% 6.7% 10.5%

11.9%

11% 11%

2007 to 2014 Enhanced Dividend Tax Credit Rates
as a % of Actual Dividends

Year Gross-
up

Federal

AB

BC(7)

MB(8) NB NL NS(4)

NT(6)

NU

ON(9)

PE(3) QC SK

YT(5)

2014 38% 20.73% 13.8% 13.8% 11.04% 16.56% 7.45%(1) 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%(1) 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%

 

Rates are as known at August 25, 2014.

(1) NL DTC rate for eligible dividends received from January 1 to June 30, 2014 is 11% of the grossed-up taxable dividend, and 15.18% of the actual dividend.  The DTC rate for 2014 in the above tables is for eligible dividends received on or after July 1, 2014.
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 rate for 2010 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.
(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 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: August 25, 2014

Copyright © 2002 - 2014 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook | Twitter | Google + | Monthly Newsletter Sign-up | What’s New E-mail Notification | RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage.  See our Business Directory for tax, accounting and finance-related firms in your area.
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.