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Required Determine the income tax consequences of the share redemption to the major shareholder. Start by calculating the taxable non - eligible dividend. Proceeds of
Required Determine the income tax consequences of the share redemption to the major shareholder. Start by calculating the taxable noneligible dividend. Proceeds of Redemption Less: Paidup Capital ITA Deemed Dividend Add: Gross Up Taxable NonEligible Dividend 
Required
Determine the income tax consequences of the share redemption to the major shareholder.
Start by calculating the taxable noneligible dividend.
Proceeds of Redemption
Less: Paidup Capital
ITA Deemed Dividend
Add: Gross Up
Taxable NonEligible Dividend
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