Question
Alex Ltd. is a Canadian controlled private corporation with a taxation year that ends on December 31. On December 31, 2019, the balance in the
Alex Ltd. is a Canadian controlled private corporation with a taxation year that ends on December 31. On December 31, 2019, the balance in the Eligible RDTOH was $29516, the balance in the GRIP account was 347861, and the balance in the non-eligible RDTOH was $95408. During the year ending December 31, 2020, there were no additions to either RDTOH account or to the GRIP balance. During that year, the corporation paid dividends of $583951. Only $243546 of these dividends were designated as eligible. Determine the amount of the dividend refund on the payment of the eligible dividends: Blank 1. Calculate the answer by read surrounding text. . Do not include any refund related to the non-eligible dividends. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Enter the response as a positive number.
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