Tax Rates on Dividends

Tax Rates on Dividends

Tax Rates on Eligible Dividends
  Federal Dividend Effective Combined
Year Gross Up Tax Credit Tax Rate
2018 38% 15.02% 29.52%
2017 38% 15.02% 29.52%
2016 38% 15.02% 29.52%
2015 38% 15.02% 29.52%
2014 38% 15.02% 29.52%
Tax Rates on Non-Eligible Dividends
  Federal Dividend Effective Combined
Year Gross Up Tax Credit Tax Rate
2018 0% 11.02% 36.45%
2017 0% 11.02% 36.45%
2016 17% 10.50% 36.98%
2015 18% 11.02% 36.45%
2014 18% 11.02% 36.45%
 
Eligible dividends Non-Eligible dividends
  • Personal credit only
  • Student with $7,000 of tuition
  • $51,474
  • $58,474
  • $32,848
  • $45,070

The following dividends can be received in 2016 by an individual who has no other income, with no resulting income tax liability (other than a liability for Ontario Health Premium):