Income tax & RRSP savings calculator
Answer what applies to you and skip the rest. Your estimate updates as you go.
View saved pagesWhich kind of dividend do I have?
Eligible dividends are dividends the Canadian corporation paying them designates as eligible and tells you about in writing. Corporations resident in Canada that aren’t Canadian-controlled private corporations, such as public companies, can generally designate their dividends as eligible. Eligible dividends get a bigger gross-up and a bigger federal dividend tax credit.
Non-eligible dividends (the CRA calls them “other than eligible”) are taxable dividends from a Canadian corporation that weren’t designated as eligible.
Paid by your own corporation? If it’s a Canadian-controlled private corporation, it can designate dividends as eligible, without extra tax, only up to its general rate income pool. That pool generally leaves out income that got the small business deduction.
Where to find them: a T5 slip shows the actual amount of eligible dividends in box 24 and of non-eligible dividends in box 10; on a T3 slip it’s box 49 and box 23. Still not sure? Ask whoever paid the dividend.
Enter the actual amount, not the taxable amount (T5 box 25 or 11, T3 box 50 or 32), which already includes the gross-up. We work out the gross-up for you.
Foreign dividends (from corporations outside Canada) don’t go in either field. They’re reported in Canadian dollars as interest and other investment income, so add them to that field. They don’t get the dividend tax credit, and this calculator doesn’t work out foreign tax credits.