Non-eligible Dividend Rate change - T3 and T5 slips in T1 module

ProFile T5 slip

Eligible dividends are entered on box 24 on the T5 slip, and the total grossed-up dividend amount automatically be calculated by ProFile, appearing on box 25.

Non-eligible dividends are entered on box 10 on the T5 slip, and the total grossed-up dividend amount is updated on box 11.

The calculation will be reflected on Schedule 1 line 425

ProFile T3 slip

Eligible dividends are entered on box 49 on the T3 slip, and the total grossed-up dividend using 38% gross-up rate is calculated on box 50.

Non-eligible dividends are entered on box 23 on the T3 slip. The total grossed-up dividend is updated on box 11.

The calculation will be reflected on Schedule 1 line 425

CRA documentation on Dividend Gross-up Factor

For more information, visit the CRA website and click on the question, What are the changes to the factors used for dividends other than eligible dividends? for rates stated by the CRA directly.

For more information, visit the CRA website and click on the question, What are the changes to the factors used for dividends other than eligible dividends? for rates stated by the CRA directly.