Member dividends are usually taxable, but there are certain exceptions:
Volume dividends for loans and lines of credit aren't taxable as long as you don't deduct the interest expenses
Volume dividends linked to a registered account (RRSP) held at the caisse aren't taxable as long as they're deposited into the registered account
Volume dividends for the Insurance product line aren't taxable.
The taxable portion of your dividends is included in a T5 slip (federal) and Relev� 3 (Quebec) when the total taxable amount (dividends and other taxable amounts paid out by your caisse) exceeds $50.
Note that you need to declare taxable income even if it's not included in a tax slip.