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Investco Ltd . , a private corporation, received dividend income from taxable Canadian corporations during its year ended December 3 1 , 2 0 2
Investco Ltd a private corporation, received dividend income from taxable Canadian corporations during its year ended December as follows.
Investco Ltd owns of the issued shares of Subsidiary. Subsidiarys dividend refund for its year ended December was $
Portfolio dividends from public corporations $
Dividends from Subsidiary
Total $
Required:
Calculate the Part IV tax payable by Investco Ltd for its year ended December Use when multiplying by and round your answers to the nearest whole number. Enter all numbers as positive amounts. If an amount should be zero, enter
Part IV tax on dividends received from public corporations
Part IV tax on dividends received from Subsidiary
Total Part IV tax
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