TurboTax: Line 12000 & 12100

 

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Relevant Material: "

Lines 12000 and 12010 – Taxable amount of dividends from taxable Canadian corporations

Canadian-source dividends are profits that you receive from your share of the ownership in a corporation.

There are two types of dividends – eligible dividends and other than eligible dividends – that you may have received from taxable Canadian corporations.

If you need more information about the type of dividends that you received, contact the payer of your dividends.

Dividends are usually shown on a T5 Slip, T4PS Slip, T3 Slip or T5013 Slip..." (Lines 12000 and 12010 – Taxable amount of dividends from taxable Canadian corporations - Canada.ca)

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Relevant Material: "Line 12000 of the Canadian personal income tax return represents the taxable amount of dividends from taxable Canadian corporations. 

According to the most recent CRA "T1 Final Statistics" (2025 edition for the 2023 tax year), here are the key statistics related to Line 12000:
Line 12000 Aggregate Statistics (2023 Tax Year)
  • Total Number of Filers: Over 4.1 million Canadians reported dividend income on Line 12000.
  • Total Amount Reported: Tax filers reported a combined total of approximately $83.5 billion in taxable dividend income.
  • Average Amount per Filer: The average taxable dividend income per reporting filer was roughly $20,186. 
Historical Data Comparison
The following table compares Line 12000 statistics from recent tax years:
Tax YearNumber of FilersTotal Amount ReportedAverage Amount
20234,136,320$83.49 Billion$20,186
20224,054,610$78.12 Billion$19,267
20213,968,240$73.54 Billion$18,532
20203,821,150$68.45 Billion$17,913
Source: CRA T1 Final Statistics. 
Key Calculation Components
Line 12000 is not the actual cash amount received; it is a "grossed-up" figure used to account for corporate taxes already paid. 
  • Eligible Dividends: The actual cash received is multiplied by 138% (a 38% gross-up).
  • Other Than Eligible Dividends: The actual cash received is multiplied by 115% (a 15% gross-up). 
For more detailed breakdowns by province or income bracket, you can access the full Individual Income Tax Return Statistics on the official Canada.ca website" (Google) 

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