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News > CRA Notice: BC Dividend Tax Credit

CRA Notice: BC Dividend Tax Credit


On March 25, 2019, the Canada Revenue Agency (CRA) became aware of a system issue affecting the calculation of the British Columbia dividend tax credit for the 2018 tax year only. The credit was being disallowed on T1 income tax returns with income over $150,000. Upon further analysis, it was determined that other calculations were also affected. Specifically, the alternative minimum tax, minimum tax carryover, and tax on split income calculations.

A system fix was identified and the solution was implemented on April 2, 2019. The CRA can confirm that the problem is no longer occurring.

The CRA is in the process of identifying the affected taxpayers, and corrective action will be taken to reassess their personal income tax returns.


 

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