Box 12 – Dividend tax credit for dividends other than eligible dividends

Complete box 12 only for individuals resident in Canada (other than a trust that is a registered charity). For dividends paid in 2016, the amount you enter in box 12 is 21/29 of the taxable gross-up amount, or 10.5217% of the amount you entered in Box 11 – Taxable amount of dividends other than eligible dividends. For dividends paid in 2014 to 2015, the rate is 13/18 of the taxable gross-up amount calculated for box 12, or 11.0169% of the amount in box 11. For dividends paid in 2013 and before, the rate is 2/3 of the taxable gross‑up amount, or 13.3333% of the amount you entered in box 11. Do not enter an amount in box 12 if the dividends entered in box 10 are paid to a corporation.

Date modified:

2017-01-18