Dividends and tax returns?i

[justakiwi]

I have a small number of Kingfish shares. I received around $100 dollars in dividends this year - which were allocated as shares under their DRIP.

Do I need to include this income on my tax return? I have had a look at the IRD site and from what I can tell it appears that Kingfish is a PIE so this income doesn't need to be declared unless I want to claim back the imputation credits.

If somebody could please clarify this for me I would appreciate it.

[777]

That is correct. If you are on a marginal tax rate of 10.5c or 17.5c then it pays to declare it to get the benefit of the imputation credit. If you are on 30c or 33c then that would be a disadvantage as the imputation credit is only 28.0c.

[justakiwi]

Many thanks :)