128 – Taxable amount of dividends from taxable Canadian corporations

The taxable amount of dividends from taxable Canadian corporations is the total of the following amounts:

  • the amount from box B of your RL-3 slip;
  • the amount from box I of your RL-16 slip;
  • the amount from box F of your RL-25 slip; and
  • the amounts from boxes 6-1 to 6-3 of your RL-15 slip.

If you did not receive one or more of the above-mentioned RL slips, the amounts are shown on your T3, T4PS, T5 and T5013 slips.

If you did not receive RL slips or other information slips for certain dividends, you can determine the amount to be reported by multiplying the actual amount of the dividends by the following rates:

  • 138% for eligible dividends;
  • 117% for ordinary dividends.

If you do not know what type of dividends you received, contact the payer of the dividends.

How to report dividends

To report dividends, enter:

  • the taxable amount of all your dividends on line 128; 
  • the actual amount of eligible dividends on line 166;
  • the actual amount of ordinary dividends on line 167.

In all cases, the dividends must have been received from taxable Canadian corporations.

Important

Dividends from taxable Canadian corporations entitle you to a dividend tax credit. See the instructions for line 415.
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