I have entered two T5 slips showing a total of $20...

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New Member

I have entered two T5 slips showing a total of $2037 in Box 26, Div. Tax Credit. Why does Dividend Tax Credit show $1356 ?

 
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Highlighted
New Member

I have entered two T5 slips showing a total of $2037 in Box 26, Div. Tax Credit. Why does Dividend Tax Credit show $1356 ?

Hi,

Dividends are subject to a special calculation based on gross up formula.

You can find more information here:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

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