Question
Linda bough 500 CIBC shares worth of $10000 on April 1st in her son's name. her son brad is 16 years old, CIBC pays $2000
Linda bough 500 CIBC shares worth of $10000 on April 1st in her son's name. her son brad is 16 years old, CIBC pays $2000 (eligible) dividend income every year. Who should report dividend income? What amount should be reported on Line 12000 (Taxable amount of dividends)?
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Since the shares are in Brads name Brad should report the dividend incom...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
