Transfer of dividend income between spouses

If your spouse or common-law partner has little or no income except for taxable dividends from Canadian corporations, you may be able to reduce your family’s tax bill by including his or her dividends in your income. The election must apply to all of your spouse or common-law partner’s dividends from taxable Canadian corporations— you cannot pick-and-choose.

You can only do this if it results in your being able to increase the claim you make for your spouse or common- law partner as a dependant.