Explain the tax treatment of distributions: a) explain the role of earnings and profits in determining how
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Question:
Explain the tax treatment of distributions:
a) explain the role of earnings and profits in determining how tax is applied to these distributions.
b) please include the differences between current and accumulated E&P
c) Describe the tax treatment of dividends for individual shareholders.
Provide an example of a corporation that has a dividend program and share its approach to dividends.
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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