Dividend Income Calculator
Work out what a dividend portfolio pays, and what you keep after tax.
Why this is worth checking
Eligible Canadian dividends are taxed differently from interest or foreign dividends. They are grossed up and then reduced by a dividend tax credit, which at lower incomes can produce a very low or even negative effective rate, and at higher incomes still beats interest income.
Held in a TFSA the tax question disappears. Held in an RRSP it is deferred. This matters most in a non-registered account.
How this calculator works
Enter your holdings or a portfolio value and yield, plus your province and income. The calculator returns the annual income and what remains after the gross-up and credit.
US dividends are not eligible for the credit and face withholding tax, so treat any figure here as applying to Canadian eligible dividends.
Related
This calculator is for general information, not tax or financial advice. Rates and limits change. Verify anything that matters against the CRA or a qualified professional before acting on it.