Published | Category : Income tax - individuals

Changes in the Dividend Tax Credit Rates

The eligible dividend tax credit rate, which applies to the dividend gross-up amount, has been reduced from 11.9% to:

  • 11.86% for a dividend received or deemed received after March 27, 2018, and before January 1, 2019;
  • 11.78% for a dividend received or deemed received in 2019; and
  • 11.7% for a dividend received or deemed received after December 31, 2019.

Similarly, the non-eligible dividend tax credit rate, which applies to the dividend gross-up amount, has been reduced from 7.05% to:

  • 6.28% for a dividend received or deemed received after March 27, 2018, and before January 1, 2019;
  • 5.55% for a dividend received or deemed received in 2019;
  • 4.77% for a dividend received or deemed received in 2020; and
  • 4.01% for a dividend received or deemed received after December 31, 2020.

For more information, see pages A.47 and A.48 of the Additional Information 2018‑2019 (PDF – 3.73 MB) published by the Ministère des Finances.

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