Question
Company XYZ is a CCPC . This year it has the following information. Opening RDTOH 20,000 Canadian Active Business Income 200,000 Non- Eligible Canadian Dividend
Company XYZ is a CCPC. This year it has the following information.
Opening RDTOH | 20,000 |
Canadian Active Business Income | 200,000 |
Non- Eligible Canadian Dividend Income (non-connected | 10,000 |
Taxable Capital Gains | 20,000 |
Dividends Paid | 30,000 |
Small Business Deduction | 19,000 |
Part 1 Tax | 40,000 |
Net Capital Loss carryforward | 10,000 |
Taxable Income | 270,000 |
Please calculate the company's ending non-eligble RDTOH this year. Assume all transactions and balances qualify for Non-Eligible Status.
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