Tax Credits - Dividend Tax Credit (DTC)
The Dividend Tax Credit (DTC) is provided through the personal income tax system to recognize that dividend income has already been taxed at the corporate income tax level. It is a mechanism to avoid double taxation.
If you have received dividends from taxable Canadian corporations, you may be able to claim a Dividend Tax Credit to reduce the amount of tax you pay. For information on eligibility, individuals should contact the Canada Revenue Agency at 1-800-959-8281 (English) or 1-800-959-7383 (French). Businesses should call 1-800-959-5525 (English) or 1-800-959-7775 (French).
For additional information, see Dividend Tax Credit in Related Links.