Investment Calculators · Canada

Dividend income.

Project Canadian dividend income, DRIP growth, yield on cost, and effective tax using the federal + provincial dividend tax credit system.

Inputs

Investment

Investment amount

Annual yield

Dividend growth

Annual increase in dividend per share.

Projection

Years to project

Reinvest dividends (DRIP)

Tax

Dividend type

Province

Annual gross income

Projected income

Fill the form and press Calculate.

Canadian dividend tax credit

Eligible dividends are grossed up by 38% and receive a federal credit of 15.0198% plus a provincial credit. Non-eligible dividends are grossed up by 15% with a federal credit of 9.0301%. The net effect: Canadian dividends are taxed far more favorably than interest income.

Disclaimer

Educational only. Dividend tax credit rates change. Provincial marginal rates are approximations using 2024 brackets. Consult a tax professional for your situation.