T5 · Statement of Investment Income
T5 box 25: taxable amount of eligible dividends
Banks, brokers and companies issue a T5 when they paid you $50 or more in interest or dividends.
- What it is
- Box 24 grossed up by 38%. This is the taxable amount.
- Where it goes on your return
- Enter it on line 12000. Claim the dividend tax credit from box 26 on line 40425.
- How it affects your refund
- The gross-up raises your income, and the dividend tax credit then cuts your tax.
- At lower incomes the dividend tax credit can make eligible dividends almost tax-free.
See your refund from your T5
Drop your T5 PDF into the free Tax Slip Reader. It reads every box and estimates your refund in seconds, right in your browser. Nothing is uploaded.
Open the Tax Slip ReaderFrequently asked questions
What is T5 box 25 on my T5?
T5 box 25 is taxable amount of eligible dividends. Box 24 grossed up by 38%. This is the taxable amount.
Where do I put T5 box 25 on my tax return?
Enter it on line 12000. Claim the dividend tax credit from box 26 on line 40425.
Does T5 box 25 affect my tax refund?
The gross-up raises your income, and the dividend tax credit then cuts your tax.
Other T5 boxes
Source: Canada Revenue Agency, T5 slip. General information, not tax advice.
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