Question
If a corporation has an eligible refundable dividend tax on hand (RDTOH) account balance of $25,000 on December 31, 2020, what amount of eligible dividends
If a corporation has an eligible refundable dividend tax on hand (RDTOH) account balance of $25,000 on December 31, 2020,
what amount of eligible dividends should the corporation declare in order to maximize the dividend refund for 2020?
Choose the correct answer. (Round to the nearest dollar as needed.)
A. $25,000
B. $78,330
C. $65,218
D. $50,000
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
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