Question
$210,000 in Dividends are received by A Co from their investment in TD Bank (a public corporation). a)Calculate A Cos taxes owing? b)Calculated A Cos
$210,000 in Dividends are received by A Co from their investment in TD Bank (a public corporation).
a)Calculate A Co’s taxes owing?
b)Calculated A Co’s RDTOH balance after the dividend if the balance before the dividend was $10,000.
$120,000 in rental is received by A Co from their investment in non-active rental properties.
a)Calculate A Co’s taxes owing?
b)Calculated A Co’s RDTOH balance after the income if the balance before the income was $0.
Apple Limited has an opening Capital Dividend Account of $80,000. During the year the corporation receives $50,000 in capital dividends from another corporation and pays $20,000 in capital dividends to its shareholders.
Calculate Apple Limited’s Capital Dividend Account balance after these two transactions.
A Co-pays dividends of $75,000 to Mr. X, who owns 100% of the company. A Co has a RETOH pool of $30,000.
a)Calculate A Co’s dividend refund.
b)Calculate A Co’s RETOH balance after the dividend.
Apple Limited has an opening Capital Dividend Account of $15,000 from capital gain. During the year the corporation earns $60,000 in gross capital gains and receives $70,000 in life insurance proceed because of the death of an employee.
a)Calculate Apple Limited’s Capital Dividend Account balance after these two transactions.
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