At the end of the current year, X Ltd. had an RDTOH balance of $18,000 ($4,000 eligible
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Question:
At the end of the current year, X Ltd. had an RDTOH balance of $18,000 ($4,000 eligible and $14,000 non-eligible). During the year, X paid taxable dividends of $40,000 of which $20,000 were classified as eligible dividends. Determine X’s dividend refund for the year.
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
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