As a resident of Newfoundland and Labrador, what difference does it make when I received other than eligible dividends?

Figuring out when you received your other than eligible dividends is an important step to making sure your return is completed accurately. For example, for other than eligible dividends you received before July 1, 2016 the rate used to calculate your dividend tax credit is 4.1%; if these amounts were received after July 1, 2016 that rate changes to 3.5%.