Question
Rove Inc. is a Canadian controlled private corporation (CCPC) that had a GRIP balance of $21,700 at the end of the previous taxation year.
Rove Inc. is a Canadian controlled private corporation (CCPC) that had a GRIP balance of $21,700 at the end of the previous taxation year. In the current year, there was no addition to Rove Inc.'s GRIP balance and the company paid dividends of $22,000. Rove Inc. designated all of the dividends paid as eligible. Which of the following is the correct amount of Excessive Eligible Dividend Designations (EEDD) for Rove Inc. for the current year? OA. $300 OB. $0 OC. $22,000 D. $21,700 pa Cos M
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