A Canadian Corporation received T5 for Dvidends,

we have received a dividend for a Canadian corporation, in which schedule/line should we report in T2 tax return. Is it Taxable or non-taxable income.


On schedule 125 (GIFI income statement information) use line(s) 8095, 8096 or 8097 as appropriate, and Profile should determine the rest.

The dividends should be reported on schedule 3 (I think).

Dividends from taxable Canadian Corporations are generally not taxable (deducted on Schedule 1, line 402) for Part I tax, but there may be a Part IV tax and/or a Refundable Dividend Tax which gets repaid when dividends are issued from the receiving corporation.
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