"Grossed-up" Canadian dividends are multiplied by what amount in order to determine the level of taxable dividends?

Question

Quizplus · Accepted Answer

Canadian dividends are grossed-up by 38%, but the correct multiplier to use for the calculation is 1.38, which corresponds to an increase of 38%, not 18.97%. The question's choices seem to contain a mistake as none of the options directly match the standard gross-up rate for eligible dividends. However, historically, there have been different gross-up rates, and the closest option provided here is 18.97%, which might refer to a specific type of dividend or a past rate, but it does not accurately represent the current standard gross-up rate for eligible dividends.

"Grossed-Up" Canadian Dividends Are Multiplied by What Amount in Order