Reporting Eligible Dividends from other Corporations

[WayneH]

Hi.  In the interview section "Dividend received from other corporation" I'm reporting "Dividend subject to Part IV tax", but I can't see how to classify it as Eligible.  As a result, Column G of Schedule 3 of the T2 is not being properly filled out.   What am I doing wrong?  W 

[T2 filer redK]

I also have the same question.

How do we enter the eligible dividend?

[Geo123]

Hello T2 filer redk,

T2  Dividends Received

In the interview section go to  >>Income source

>>Dividends received from other corporation "+"

*Amount of dividends subject to Part IV tax received by corporation Dividend subject to part IV tax

  >Dividend subject to part IV tax

  >Non taxable dividend per ITA 83

  >Capital gains dividend

  >Portion of eligible dividend deductible per ITA 112/113

Part IV Tax on Taxable Dividends Received by a Private Corporation or a Subject Corporation

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it269r4/archived-part-tax-on-taxable-dividends-received-a-private-corporation-a-subject-corporation.html

[T2 filer redK]

Thanks Geo, but still incomplete.

 

Let me clarify:

 

To report Eligible dividends from another corporation;

1.interview section go to  >>Income source

2. >>Dividends received from other corporation "+"

3. Enter  *Amount of dividends subject to Part IV tax received by corporation Dividend subject to part IV tax

choose 

  >Dividend subject to part IV tax

4. Enter amount

5. Then click  + to enter another row, 

6.  "Portion of eligible dividend deductible per ITA 112/113"

7. Enter same amount as this second row.

This will now generate an Eligible dividend treatment, and calculate the ERDTOH correctly.