We theoretically investigate the dispersion and polarization properties of the electromagnetic waves in a multi-layered structure composed of a magneto-optic waveguide on dielectric substrate covered by one-dimensional dielectric photonic crystal. The numerical analysis of such a complex structure shows polarization filtration of TE- and TM-modes depending on geometrical parameters of the waveguide and photonic crystal. We consider different regimes of the modes propagation inside such a structure: when guiding modes propagate inside the magnetic film and decay in the photonic crystal; when they propagate in both magnetic film and photonic crystal.