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Dividend Tax Credit Calculator (Canada)

↻ Updated 2026 tax year

Estimate the tax on eligible Canadian dividends for 2026 — including the 38% gross-up, the federal dividend tax credit and a representative provincial credit — to see your effective rate and after-tax dividend.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs
Eligible dividend received
Actual cash dividend (eligible)
Other taxable income
Tax on dividend
$639
$9,361 kept
Effective rate
6.4%
on the cash dividend
Total credits
$3,453
federal + provincial DTC
How the dividend is taxed
Cash dividend$10,000
Gross-up (38%)+ $3,800
Taxable (grossed-up) amount$13,800
Tax before credits$4,092
Federal DTC (15.0198%)− $2,073
Provincial DTC (~10%)− $1,380
Net tax on dividend$639
After-tax dividend$9,361
ASSUMPTIONS — 2026 tax year, eligible dividends. Grossed up 38%; the federal dividend tax credit is 15.0198% of the grossed-up amount. The provincial DTC uses a representative 10% rate — it varies by province (roughly 3%–15% of the grossed-up amount for eligible dividends), so Ontario's exact figure will differ. Non-eligible dividends use a different gross-up and credit. Some credits are approximate — consult a tax professional.

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Sources & rate references

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.