Change to the tax credit rate for eligible dividends

For 2019, the tax credit rate applicable to eligible dividends is 16.2564%.

For more information, see RL-25 Slip - Box A1, RL-25 Slip - Box F and RL-25 Slip - Box G.

Changes to the gross-up rate and the tax credit rate applicable to ordinary dividends

For 2019, the gross-up rate to be used to calculate the taxable amount of ordinary dividends (box F) is reduced from 16% to 15%.

In addition, the tax credit rate applicable to ordinary dividends is 6.3825%.

For more information, see RL-25 Slip - Box A2, RL-25 Slip - Box F and RL-25 Slip - Box G.