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Useful Contacts

Contact the Canada Revenue Agency with questions about your tax credit claim.

  • 1-800-959-8281 (toll free within Canada)

Dividend Tax Credits

Dividends received from taxable Canadian corporations qualify for a B.C. dividend tax credit.

The B.C. dividend tax credit rate depends on what year you received the dividend and the type of dividend you received. Starting in 2006, an enhanced tax credit rate is available for eligible dividends.

The following table shows the B.C. dividend tax credit rates on taxable amount of dividends by year.

 

Year Tax credit rate on taxable amount of dividends (other than eligible dividends) Tax credit rate on taxable amount of eligible dividends
2014 and subsequent years 2.59%  10% 
2012 - 2013 3.4% 10%
2011 3.4% 10.31%
2010 3.4% 10.83%
2009 4.2% 11%
2006 - 2008 5.1% 12%
2002 - 2005 5.1% -
2001  5.9% -
2000 6.6% -

Claiming the Credit

You claim the credit when you file your T1 Income Tax Return. Complete the Provincial Worksheet and enter the amount you are claiming on the British Columbia Tax form (BC428).

  • For more information on how to report dividends and claim dividend tax credits, see Line 120 of the T1 Income Tax Return guide.

Legislation

The following legislation applies to the dividend tax credit: