If a corporation has an eligible refundable dividend tax on hand (RDTOH) account balance of $25,000 on

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If a corporation has an eligible refundable dividend tax on hand (RDTOH) account balance of $25,000 on December 31, 2020,

what amount of eligible dividends should the corporation declare in order to maximize the dividend refund for 2020?

Choose the correct answer. (Round to the nearest dollar as needed.)

A. $25,000

B. $78,330

C. $65,218

D. $50,000

Related Book For answer-question

Introduction To Federal Income Taxation In Canada

ISBN: 9781554965021

33rd Edition

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

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Posted Date: Feb 06, 2024 03:59 AM

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If a corporation has an eligible refundable dividend tax on hand (RDTOH) account balance of $25,000 on

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Introduction To Federal Income Taxation In Canada

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