TERMIUM Plus®

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GROSS-UP CREDIT SYSTEM [1 record]

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Record 1 1991-10-24

English

Subject field(s)
  • Investment
  • Taxation
CONT

A gross-up and credit system provides this preferential tax treatment. The amount of the dividend actually received is grossed-up by 50% (e.g. a $100 dividend income would be grossed-up by $50 to $150). The federal tax is calculated on the grossed-up amount not on the actual dividend received. Then a federal tax credit equal to 75% of the gross-up (e.g. 75% of $50 in our example) is applied to the federal tax.

French

Domaine(s)
  • Investissements et placements
  • Fiscalité

Spanish

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