Changes in the dividend tax credit rates from Revenu Quebec

What's changing

The eligible dividend tax credit rate, which applies to the dividend gross-up amount, has been reduced from 11.9% to:

• 11.86% for a dividend received or deemed received after March 27, 2018, and before January 1, 2019
• 11.78% for a dividend received or deemed received in 2019
• 11.7% for a dividend received or deemed received after December 31, 2019

Similarly, the non-eligible dividend tax credit rate, which applies to the dividend gross-up amount, has been reduced from 7.05% to:

• 6.28% for a dividend received or deemed received after March 27, 2018, and before January 1, 2019
• 5.55% for a dividend received or deemed received in 2019
• 4.77% for a dividend received or deemed received in 2020
• 4.01% for a dividend received or deemed received after December 31, 2020

Impacts to ProFile customers

These changes affect the following:

Trust return module for years 2017 and 2018

• RL16
• TP646

FX module slips for 2017 and 2018

• RL3
• RL15
• RL25
• TP600

For more information, see pages A.47 and A.48 of the Additional Information 2018‑2019 (PDF – 3.73 MB).