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Changes in the dividend tax credit rates from Revenu Quebec

What is changing:

The eligible dividend tax credit rate – which applies to the dividend gross-up amount – has been reduced from 11.9% to:

  • 11.86% for a dividend received or deemed received after March 27, 2018, and before January 1, 2019;
  • 11.78% for a dividend received or deemed received in 2019; and
  • 11.7% for a dividend received or deemed received after December 31, 2019.

Similarly, the non-eligible dividend tax credit rate, which applies to the dividend gross-up amount, has been reduced from 7.05% to:

  • 6.28% for a dividend received or deemed received after March 27, 2018, and before January 1, 2019;
  • 5.55% for a dividend received or deemed received in 2019;
  • 4.77% for a dividend received or deemed received in 2020; and
  • 4.01% for a dividend received or deemed received after December 31, 2020.
Impacts to ProFile customers

These changes affect the following:

Trust return module for years 2017 and 2018
  • RL16
  • TP646
FX module slips for 2017 and 2018
  • RL3
  • RL15
  • RL25
  • TP600
ProFile recommends...

ProFile recommends users that have not yet filed should wait until the September release to do so.

For ProFile users that have already filed...

If a user filed after March 27, 2018, and their information slip(s) are related to dividends paid after March 27, 2018, the user needs to file an amendment.

Implementation in ProFile

ProFile will implement the tax rate changes in the September 2018 release.

More information

The official notification of tax rate changes can be reviewed here:


For more information, see pages A.47 and A.48 of the Additional Information 2018‑2019 (PDF – 3.73 MB).

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