Question
A corporation received $50,000 in eligible taxable dividends during the tax year from a Canadian non-connected corporation. The ERDOH had a beginning balance of $0
A corporation received $50,000 in eligible taxable dividends during the tax year from a Canadian non-connected corporation. The ERDOH had a beginning balance of $0 and had not paid out any dividends in the prior year. What is the eligible refundable dividend on hand (ERDTOH) balance for the corporation?
a.
$16,670
b.
$9,615
c.
$12,165
d.
$19,167
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