Tax Facts
Tax Rates on Eligible Dividends
Eligible dividends
Gross-up - 45% of eligible dividends
Dividend Tax Credit (DTC)
Federal DTC - 11/18 times amount of the gross-up - 18.97% of grossed-up dividend
| Ontario | DTC |
Effective Rate |
|
| 2006 | 6.50% | 25.09% | |
| 2007 | 6.70% | 24.64% | |
| 2008 | 7.00% | 23.96% | |
| 2009 | 7.40% | 23.06% | |
| 2010 | 7.70% | 22.38% | |
| Ineligible (or non-eligible) dividends | |||
| Gross-up - 25% | |||
| DTCs of 13.33% and 5.13% | |||