Line 40425: Federal dividend tax credit

Canadian-source dividends are profits you receive from your share of the ownership in a corporation. There are two types of dividends: eligible and “other than eligible”.

TurboTax transfers each type using:
  • boxes 11 and 25 from your T5 slips
  • boxes 25 and 31 from your T4PS slips
  • boxes 32 and 50 from your T3 slips
  • boxes 130 and 133 from your T5013 slips

 

TurboTax automatically calculates any dividend tax credit (line 40425).

 

To review and confirm the source amounts of taxable dividends from a taxable Canadian corporation on lines 12000 and/or 12010:
  1. Select X in the upper-right corner to close the Help window.
  2. In the upper-right corner of your screen, select Find.
  3. In the Find window, type Investments.
  4. Select Investments from the list, and select Go.