Blackfoot Portfolio Ltd. (Blackfoot) is a CCPC. The following information relates to the 2019 taxation year: Non-eligible

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Blackfoot Portfolio Ltd. (Blackfoot) is a CCPC. The following information relates to the 2019 taxation year:

Non-eligible dividend received from a wholly owned subsidiary that is a CCPC is $3,000. The wholly owned subsidiary did not receive any dividend refund as a result of the dividends paid to Blackfoot.

AII is $1,000.

Part I tax payable before dividend refund is $1,000. Taxable non-eligible dividends paid to shareholders are $2,000.

Opening NERDTOH balance after accounting for a prior-year dividend refund is $200.

There is no balance in ERDTOH

4. What was Blackfoot's NERDTOH balance at the end of 2019?

Posted Date: May 13, 2024 05:48 AM

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Blackfoot Portfolio Ltd. (Blackfoot) is a CCPC. The following information relates to the 2019 taxation year: Non-eligible

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The NonEligible Refundable Dividend Tax on Hand NERDTOH balance at the end of 20... View the full answer

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