Examples of Ordinary Dividends in a sentence
Schedule B – Interest and Ordinary Dividends ...........................................................................................1..
None NoSch B ...................Interest and Ordinary Dividends............................................................................................................
Dividend income is separated as Qualified Dividends on line 3a and Ordinary Dividends on line 3b of the 1040 tax return.
Use line 3b (Ordinary Dividends) only as this represents the total dividends reported which includes the Qualified Dividends.
For individual shareholders, Ordinary Dividends (including eligible dividends) will be subject to the usual gross-up and dividend tax credit rules with respect to taxable dividends paid by taxable Canadian corporations under the Tax Act.