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New Member

My spouse has dividend income from stocks she has owned before we were married. Can I claim her dividend income as advised by TurboTax?

She has no other income and allowing me to claim her dividend income will increase the deduction for the spousal amount.

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New Member

My spouse has dividend income from stocks she has owned before we were married. Can I claim her dividend income as advised by TurboTax?

Yes you can.  Canada Revenue says:  

Tax Tip

In some cases, it may be better for you to report all the taxable dividends your spouse or common-law partner received from taxable Canadian corporations. You can do this only if, by including the dividends in your income, you will be able to claim or increase your claim for the spouse or common-law partner amount (line 303 on Schedule 1).

If you use this option, you may be able to take better advantage of the dividend tax credit. Do not include these dividends in your spouse's or common-law partner's income when you calculate claims such as the spouse or common-law partner amount on line 303 or amounts transferred from your spouse or common-law partner on Schedule 2.

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2 Replies
New Member

My spouse has dividend income from stocks she has owned before we were married. Can I claim her dividend income as advised by TurboTax?

Yes you can.  Canada Revenue says:  

Tax Tip

In some cases, it may be better for you to report all the taxable dividends your spouse or common-law partner received from taxable Canadian corporations. You can do this only if, by including the dividends in your income, you will be able to claim or increase your claim for the spouse or common-law partner amount (line 303 on Schedule 1).

If you use this option, you may be able to take better advantage of the dividend tax credit. Do not include these dividends in your spouse's or common-law partner's income when you calculate claims such as the spouse or common-law partner amount on line 303 or amounts transferred from your spouse or common-law partner on Schedule 2.

View solution in original post

New Member

My spouse has dividend income from stocks she has owned before we were married. Can I claim her dividend income as advised by TurboTax?

Thanks!