Sign in Share G Find - Replace Select- Oueni Grammarly Grammarly Com X L to Document1 - Word Picture Tecla File Home Insert Design Layout References Mailings Review View Office lab Grammarly Format Tell me what you want to do... * Cut Calibri (Body - 11 A AMA Aabbccbd Rabbccbd AaBbc Aabbcc AaB Aabbcc Abbccod Abbocad Aabbocod AaBbccdc E Copy Paste Format Painter BIU - XX A. A 1 Normal No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em... Emphasis Intense E... Strong Clipboard Paragraph Documenti 1.1. 1.l. 7.1.3.1.9 110 11 12 13.1.14.15 117.18 6 (Part I And Part IV Refundable Taxes, GRIP) Fuzon Lod. is a Canadian controlled private corporation. It has been in operation for several years and has a December 31 year and For the taxation year ending December 31, 2020, its Net Income For Tax Purposes was made up of the following components: Active Business Income $423400 Dividends From Canadian Corporations Wholy Owned Subsidiary (All Non-Eligiale) 223 600 Portfolio Investments Al Eligible) 101.400 Carian Sources 48.300 Taxables Capital in 1/2 $223,5001 111.750 Net Income For Tax Purposes $908 460 Dividends paid to Furon Led try the wholly owned subsidiary during 2020 did not result in a dividend refund The wholy owned subsidiary has been allocated one-taf of the annual business limit for the small business deduction, with the remainder to be used by Fuzon. At January 1, 2020. Fuzon had the following balances : Eligible ROTOH $ 28137 Non-Eligible RDTOH 111,263 GRIP 73.400 During 2019, Fuzon Lid. paid no dividends. For 2019, the ADJUSTED Aggregate Investmecome of Fuzon and its associated subsidiary was $42,000. Their Taxable Capital Employed in Canada was $4,650,000 for 2019. R On Sember 4, 2020. Furon paid taxable dividends to its shareholders in the amount of Arend will be available on their payment Required: For Fuzon's 2020 taxation year, calculate the following items: A. Federal Part I Tax Payati 08. The refundable portion of Part I Tax Payable C. Part IV Tax Payable D. The balance in the GRIP account on December 31, 2020, E. The balances in the Eligible RDTOH and the Non-Eligible RDTOH on December 31, 2020. F. The Cividend refund, showing separately the amounts refunded on eligible and non-eligible dividends. o Page 1 of 1 words English india 06 Type here to search OBI (0) 0 P2 ws ACE) 0 ENG 1649 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Tell me what you want to do.. File Home Insert Page Layout Formulas Data Rem Vicw Office lab Sign in Share & PROTECTED VIEW Be canctul files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X E3 fr F . K L M N 0 FA Ch13 Wk2 In Class Chapter 13 Week 2 In Class Students(1) [Protected View] ( B D 1 Overview - Federal Tax Payable (No Foreign Income) Eli: pald from "General rate" "active business Income 2 NE: paid from SBD income or All 3 Active Business Income 4 Dividends received 5 6 Interest income 7 Rental income etc. Taxable Capital Gains 9 Allowable Capital Losses (current year) 10 Allowable business investment losses 11 NET INCOME FOR TAX PURPOSES 12 13 DEDUCTIONS 14 Charitable durations deductiuni 15 Dividends deduction 16 Non Capital Losses Carried Over 17 Net Capital Lossos Carried Over 18 TAXABLE INCOME 24 25 PART I TAX PAYABLE 26 Base Amount 38% of Taxable income 27 Federal Tax Abatement -10% Prorate for Canadian source taxable income 28 Small Business Deduction Note 1 + ART Note 2 30 - GRR Note 3 31 Total Part I Federal Tax Payable 32 33 PART IV TAX PAYABLE On portfoliu dividends received 28-1/3% of portfolio dividends received 35 On "inter-co" dividends received recipient's % of paying Co.'s dividend refund 36 Total Part IV tax payable Ch13 Part II in Class Question Template Featy 1 7007 Type here to search O Ei 0 o P] ws x x] AC 4 0 ENG 1651 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Office lab Tell me what you want to do... 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Enable Editing X 08 E F . 1 L M N 0 FE Chapter 13 Week 2 In Class Students(1) [Protected View] A B C 24 25 PART I TAX PAYABLE 26 Base Amount 38% % of Taxable income 27 Federal Tax Abatement -1074 Prorate for Canadian source taxable income Small Business Deduction Note 1 1 + ART Note 2 30 - GRR Note 3 Total Part I Federal Tax Payable 32 33 PART IV TAX PAYABLE On portfolio dividends received 38-1/3% of portfoliu dividends received 35 On "inter-co" dividends received recipient's % of paying Co.'s dividend refund 36 Total Part IV tax payable 37 38 DIVIDENDS REFUND 39 10 Eligible Dividends Refund Lesser of: 42 38 1/3% of eligible dividends pald Note 4 43 Fligible RDTOH balance Note 5 44 Eligible Dividend Refund 15 46 Non-eligible dividends refund 47 Component 1: The lesser of 39-1/3% of non-eligible dividends paid Note 4 Non-Eligible RDTOH balance Note 6 50 Component 2: 51 Excess up to LRDTOH balance 52 Non-eligible dividend refund (component 1+2) 53 54 Total Dividends Refund eligible + non-eligible) Ch13 Part ll In Class Question Template Ready 100% Type here to search O 0 o P] ws x x] AC 4 0 ENG 1602 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Tell me what you want to do.. File Home Insert Page Layout Formulas Data Review Vicw Office lab Sign in Share & PROTECTED VIEW Be canctul files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X 08 C D E F . K L M N o Note 4 Note 5 Chapter 13 Week 2 In Class Students(1) [Protected View] A B 38 DIVIDENDS REFUND 39 40 Eligible Dividends Refund Lesser of: 42 38-1/3% of eligible dividends paid 43 Eligible RDTOH balance 44 Eligible Dividend Refund 45 46 Non-eligible dividends refund 47 Component 1: The lesser of 49 38-1/3% of non-eligible dividends pald 49 Non Eligible RDTOH balance 50 Component 2: Excess up to CRDTOII balance 52 Non-eligible dividend refund (component 1+2) Note 4 Note 6 54 Total Dividends Refund eligible + non-eligible) 55 56 FEDERAL TAX PAYABLE 57 Part I Tax Payable 50 + Part IV Tax Payable - Dividends Refund 60 TOTAL FEDERAL TAX PAYABLE 61 62 63 64 Note 1: SBD is -19% of the least of: 65 1. Con Active Business Income 66 2. Taxable incurne 67 3. Allocated Annual Business Limit (A) 68 Reduced by higher of the two Grinds: Ch13 Part I In Class Question Template + Featy 7007 Type here to search O 0 ws x x] ACE ENG 1602 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Office lab Tell me what you want to do... File Home Insert Page Layout Formulas Data Review View Sign in Share & O PROTECTED VIEW Be cancfuil files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected Vicw. Enable Editing X E F . K L M N o 08 fr 8 Chapter 13 Weak 2 In Class Studente(1) [Protected View] A B D 64 Note 1: SBD is -19% of the least of: 65 1. Cdn Active Rusiness Income 66 2. Taxable income 67 3. Allocated Annual Business Limit (A) 68 Reduced by higher of the two Grinds: 69 1) TCEC Grind: 70 ) AY 0.00225XTCEC last year 10 million AX 11,250 72 2) All Grind 73 A 74 5,00,000 XS X (AAII - 50,000) 75 Total annual business limit 77 Note 2: ART is +10-2/3% of the lesser of: 78 peregate Investment Income (I.T.) 79 Taxable income minus SBD income 81 Note 3: GRR is -19% of full rate taxable income 82 Taxable income Minus: SBD income 84 Minus: A.I.I. 85 Total Full Rale Taxable income 87 Note 4: Eligible dividends paid how much can be and should be designated as eligible?) 88 89 Maximum eligible dividends can be designated: GRIP balance. Calculated as follows: 90 GRIP balance, Dec 31 last year 91 +72% of (Taxable incomc minus SBD income minus All) + Eligible dividends received 93 - Cligible dividends paid last year 94 GRIP balance, Dec 31 current year maximum dividends that can be designated as eligible 95 Maximum eligible dividends that can receive dividends refund Ch13 Part ll In Class Question Template Ready 1 7007 Type here to search O (0) P ws x x] ACE ENG 1602 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Office lab Tell me what you want to do... File Home Insert Page Layout Formulas Data Review Vicw Sign in Share & O PROTECTED VIEW Be cancfuil files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected Vicw. Enable Editing X 08 fr Chapter 13 Week 2 In Class Students(1) [Protected View] A B D E F . 1 L M N 0 87 Note 4: Eligible dividends paid (how much can be and should be designated as eligible? 89 89 Maximum eligible dividends can be designated: GRIP balance. Calculated as follows: 90 GRIP balance, Der 31 last year 91 +72% of (Taxable income minus SBD incurne minus All) 92 +Eligible dividends received 93 - Eligible dividends paid last year GRIP balance, Dec 31 current year maximum dividends that can be designated as eligible Maximum eligible dividends that can receive dividends refund 97 Eligible RDTOH balance / 38-1/3% Represents how much eli div refund can E-RDTOH support 90 Companies may choose to pay eli div up to this amount 99 even higher S can be designated as eli per GRIP, 100 See note 5 for calculations 101 102 Non-eligible dividends paid = Total dividends paid minus Eligible 104 Note 5: Eligible RDTOH balance: 105 Balance, Dec 31 last year 106 + Part IV tax on portfolio dividends received 107 + Part IV tax on "inter-co" dividends where paying Co. received eligible dividend refund 108 - Eli dividend refund last year 109 Eli RDTOH balance 111 Note 6: Non-Eligible RDTOH balance: 112 Balance, Dec 31 last year 113 + Part I refundable tax Note 7 114 + Part IV taxes on "inter-co" dividends where paying Co. received non-elipible dividend refund 115 - NEli dividend refund last year 116 NFII RDTOH balance, Dec 31 current year 118 Note 7: Part I Refundable Tax "Ch 13 Parti in Class Question Template Ready 7007 Type here to search O 0 P] ws x x] AC 4 0 ENG 1602 11-10-2020 Chapter 13 Week 2 In Class Students) [Protected View] - Excel Office lab Tell me what you want to do... File Home Insert Page Layout Formulas Data Review Vicw Sign in Share & PROTECTED VIEW Be canctul files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X 08 fr E F . K L M N o Chapter 13 Week 2 In Class Students(1) [Protected View] A B D 90 GRIP balance, Dec 31 last year 91 + 72% of (Taxable income minus SBD income minus All) + Eligible dividends received 93 - Eligible dividends paid last year 94 GRIP balance, Dec 31 current year maximum dividends that can be designated as eligible 95 96 Maximum eligible dividends that can receive dividends refund Eligible RDTOH balance / 28-1/3% Represents how much eli diw refund can E-RDTOH support 98 Companies may choose to pay eli div up to this amount 99 even higher s can be designated as eli per GRIP. 100 See note 5 for calculations 101 102 Non-eligible dividends paid = Total dividends paid minus Eligible -= 104 Note 5: Eligible RDTOH balance: 105 Balance, Dec 31 last year 106 Part IV tax on portfolio dividends received 107 + Part IV tax on "inter-co" dividends where paying Co. received eligible dividend refund 108 -Eli dividend relurid last year 109 Eli RDTOH balance 111 Note 6: Non-Eligible RDTOH balance: 112 Balance, Dec 31 last year 113 + Part I refundable tax Note 7 114 + Part IV taxes on "inter-co" dividends where paying Co. received non-eligible dividend refund 115 - NEli dividend refund last year 116 NEli RDTOH balance, Dec 31 current year 118 Note 7: Part I Refundable Tax 119 The least ol: 120 30-2/3% of ALI. 121 30-2/3% of laxable income minus SBD income 122 Part I tax payable Ch13 Part ll In Class Question Template Ready 1 7007 Type here to search O 0 P ws x x] AC 4 0 ENG 1602 11-10-2020 Sign in Share G Find - Replace Select- Oueni Grammarly Grammarly Com X L to Document1 - Word Picture Tecla File Home Insert Design Layout References Mailings Review View Office lab Grammarly Format Tell me what you want to do... * Cut Calibri (Body - 11 A AMA Aabbccbd Rabbccbd AaBbc Aabbcc AaB Aabbcc Abbccod Abbocad Aabbocod AaBbccdc E Copy Paste Format Painter BIU - XX A. A 1 Normal No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em... Emphasis Intense E... Strong Clipboard Paragraph Documenti 1.1. 1.l. 7.1.3.1.9 110 11 12 13.1.14.15 117.18 6 (Part I And Part IV Refundable Taxes, GRIP) Fuzon Lod. is a Canadian controlled private corporation. It has been in operation for several years and has a December 31 year and For the taxation year ending December 31, 2020, its Net Income For Tax Purposes was made up of the following components: Active Business Income $423400 Dividends From Canadian Corporations Wholy Owned Subsidiary (All Non-Eligiale) 223 600 Portfolio Investments Al Eligible) 101.400 Carian Sources 48.300 Taxables Capital in 1/2 $223,5001 111.750 Net Income For Tax Purposes $908 460 Dividends paid to Furon Led try the wholly owned subsidiary during 2020 did not result in a dividend refund The wholy owned subsidiary has been allocated one-taf of the annual business limit for the small business deduction, with the remainder to be used by Fuzon. At January 1, 2020. Fuzon had the following balances : Eligible ROTOH $ 28137 Non-Eligible RDTOH 111,263 GRIP 73.400 During 2019, Fuzon Lid. paid no dividends. For 2019, the ADJUSTED Aggregate Investmecome of Fuzon and its associated subsidiary was $42,000. Their Taxable Capital Employed in Canada was $4,650,000 for 2019. R On Sember 4, 2020. Furon paid taxable dividends to its shareholders in the amount of Arend will be available on their payment Required: For Fuzon's 2020 taxation year, calculate the following items: A. Federal Part I Tax Payati 08. The refundable portion of Part I Tax Payable C. Part IV Tax Payable D. The balance in the GRIP account on December 31, 2020, E. The balances in the Eligible RDTOH and the Non-Eligible RDTOH on December 31, 2020. F. The Cividend refund, showing separately the amounts refunded on eligible and non-eligible dividends. o Page 1 of 1 words English india 06 Type here to search OBI (0) 0 P2 ws ACE) 0 ENG 1649 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Tell me what you want to do.. File Home Insert Page Layout Formulas Data Rem Vicw Office lab Sign in Share & PROTECTED VIEW Be canctul files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X E3 fr F . K L M N 0 FA Ch13 Wk2 In Class Chapter 13 Week 2 In Class Students(1) [Protected View] ( B D 1 Overview - Federal Tax Payable (No Foreign Income) Eli: pald from "General rate" "active business Income 2 NE: paid from SBD income or All 3 Active Business Income 4 Dividends received 5 6 Interest income 7 Rental income etc. Taxable Capital Gains 9 Allowable Capital Losses (current year) 10 Allowable business investment losses 11 NET INCOME FOR TAX PURPOSES 12 13 DEDUCTIONS 14 Charitable durations deductiuni 15 Dividends deduction 16 Non Capital Losses Carried Over 17 Net Capital Lossos Carried Over 18 TAXABLE INCOME 24 25 PART I TAX PAYABLE 26 Base Amount 38% of Taxable income 27 Federal Tax Abatement -10% Prorate for Canadian source taxable income 28 Small Business Deduction Note 1 + ART Note 2 30 - GRR Note 3 31 Total Part I Federal Tax Payable 32 33 PART IV TAX PAYABLE On portfoliu dividends received 28-1/3% of portfolio dividends received 35 On "inter-co" dividends received recipient's % of paying Co.'s dividend refund 36 Total Part IV tax payable Ch13 Part II in Class Question Template Featy 1 7007 Type here to search O Ei 0 o P] ws x x] AC 4 0 ENG 1651 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Office lab Tell me what you want to do... File Home Insert Page Layout Formulas Data Review Vicw Sign in Share & PROTECTED VIEW Be canctul files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X 08 E F . 1 L M N 0 FE Chapter 13 Week 2 In Class Students(1) [Protected View] A B C 24 25 PART I TAX PAYABLE 26 Base Amount 38% % of Taxable income 27 Federal Tax Abatement -1074 Prorate for Canadian source taxable income Small Business Deduction Note 1 1 + ART Note 2 30 - GRR Note 3 Total Part I Federal Tax Payable 32 33 PART IV TAX PAYABLE On portfolio dividends received 38-1/3% of portfoliu dividends received 35 On "inter-co" dividends received recipient's % of paying Co.'s dividend refund 36 Total Part IV tax payable 37 38 DIVIDENDS REFUND 39 10 Eligible Dividends Refund Lesser of: 42 38 1/3% of eligible dividends pald Note 4 43 Fligible RDTOH balance Note 5 44 Eligible Dividend Refund 15 46 Non-eligible dividends refund 47 Component 1: The lesser of 39-1/3% of non-eligible dividends paid Note 4 Non-Eligible RDTOH balance Note 6 50 Component 2: 51 Excess up to LRDTOH balance 52 Non-eligible dividend refund (component 1+2) 53 54 Total Dividends Refund eligible + non-eligible) Ch13 Part ll In Class Question Template Ready 100% Type here to search O 0 o P] ws x x] AC 4 0 ENG 1602 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Tell me what you want to do.. File Home Insert Page Layout Formulas Data Review Vicw Office lab Sign in Share & PROTECTED VIEW Be canctul files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X 08 C D E F . K L M N o Note 4 Note 5 Chapter 13 Week 2 In Class Students(1) [Protected View] A B 38 DIVIDENDS REFUND 39 40 Eligible Dividends Refund Lesser of: 42 38-1/3% of eligible dividends paid 43 Eligible RDTOH balance 44 Eligible Dividend Refund 45 46 Non-eligible dividends refund 47 Component 1: The lesser of 49 38-1/3% of non-eligible dividends pald 49 Non Eligible RDTOH balance 50 Component 2: Excess up to CRDTOII balance 52 Non-eligible dividend refund (component 1+2) Note 4 Note 6 54 Total Dividends Refund eligible + non-eligible) 55 56 FEDERAL TAX PAYABLE 57 Part I Tax Payable 50 + Part IV Tax Payable - Dividends Refund 60 TOTAL FEDERAL TAX PAYABLE 61 62 63 64 Note 1: SBD is -19% of the least of: 65 1. Con Active Business Income 66 2. Taxable incurne 67 3. Allocated Annual Business Limit (A) 68 Reduced by higher of the two Grinds: Ch13 Part I In Class Question Template + Featy 7007 Type here to search O 0 ws x x] ACE ENG 1602 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Office lab Tell me what you want to do... File Home Insert Page Layout Formulas Data Review View Sign in Share & O PROTECTED VIEW Be cancfuil files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected Vicw. Enable Editing X E F . K L M N o 08 fr 8 Chapter 13 Weak 2 In Class Studente(1) [Protected View] A B D 64 Note 1: SBD is -19% of the least of: 65 1. Cdn Active Rusiness Income 66 2. Taxable income 67 3. Allocated Annual Business Limit (A) 68 Reduced by higher of the two Grinds: 69 1) TCEC Grind: 70 ) AY 0.00225XTCEC last year 10 million AX 11,250 72 2) All Grind 73 A 74 5,00,000 XS X (AAII - 50,000) 75 Total annual business limit 77 Note 2: ART is +10-2/3% of the lesser of: 78 peregate Investment Income (I.T.) 79 Taxable income minus SBD income 81 Note 3: GRR is -19% of full rate taxable income 82 Taxable income Minus: SBD income 84 Minus: A.I.I. 85 Total Full Rale Taxable income 87 Note 4: Eligible dividends paid how much can be and should be designated as eligible?) 88 89 Maximum eligible dividends can be designated: GRIP balance. Calculated as follows: 90 GRIP balance, Dec 31 last year 91 +72% of (Taxable incomc minus SBD income minus All) + Eligible dividends received 93 - Cligible dividends paid last year 94 GRIP balance, Dec 31 current year maximum dividends that can be designated as eligible 95 Maximum eligible dividends that can receive dividends refund Ch13 Part ll In Class Question Template Ready 1 7007 Type here to search O (0) P ws x x] ACE ENG 1602 11-10-2020 Chapter 13 Week 2 In Class Students() [Protected View] - Excel Office lab Tell me what you want to do... File Home Insert Page Layout Formulas Data Review Vicw Sign in Share & O PROTECTED VIEW Be cancfuil files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected Vicw. Enable Editing X 08 fr Chapter 13 Week 2 In Class Students(1) [Protected View] A B D E F . 1 L M N 0 87 Note 4: Eligible dividends paid (how much can be and should be designated as eligible? 89 89 Maximum eligible dividends can be designated: GRIP balance. Calculated as follows: 90 GRIP balance, Der 31 last year 91 +72% of (Taxable income minus SBD incurne minus All) 92 +Eligible dividends received 93 - Eligible dividends paid last year GRIP balance, Dec 31 current year maximum dividends that can be designated as eligible Maximum eligible dividends that can receive dividends refund 97 Eligible RDTOH balance / 38-1/3% Represents how much eli div refund can E-RDTOH support 90 Companies may choose to pay eli div up to this amount 99 even higher S can be designated as eli per GRIP, 100 See note 5 for calculations 101 102 Non-eligible dividends paid = Total dividends paid minus Eligible 104 Note 5: Eligible RDTOH balance: 105 Balance, Dec 31 last year 106 + Part IV tax on portfolio dividends received 107 + Part IV tax on "inter-co" dividends where paying Co. received eligible dividend refund 108 - Eli dividend refund last year 109 Eli RDTOH balance 111 Note 6: Non-Eligible RDTOH balance: 112 Balance, Dec 31 last year 113 + Part I refundable tax Note 7 114 + Part IV taxes on "inter-co" dividends where paying Co. received non-elipible dividend refund 115 - NEli dividend refund last year 116 NFII RDTOH balance, Dec 31 current year 118 Note 7: Part I Refundable Tax "Ch 13 Parti in Class Question Template Ready 7007 Type here to search O 0 P] ws x x] AC 4 0 ENG 1602 11-10-2020 Chapter 13 Week 2 In Class Students) [Protected View] - Excel Office lab Tell me what you want to do... File Home Insert Page Layout Formulas Data Review Vicw Sign in Share & PROTECTED VIEW Be canctul files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X 08 fr E F . K L M N o Chapter 13 Week 2 In Class Students(1) [Protected View] A B D 90 GRIP balance, Dec 31 last year 91 + 72% of (Taxable income minus SBD income minus All) + Eligible dividends received 93 - Eligible dividends paid last year 94 GRIP balance, Dec 31 current year maximum dividends that can be designated as eligible 95 96 Maximum eligible dividends that can receive dividends refund Eligible RDTOH balance / 28-1/3% Represents how much eli diw refund can E-RDTOH support 98 Companies may choose to pay eli div up to this amount 99 even higher s can be designated as eli per GRIP. 100 See note 5 for calculations 101 102 Non-eligible dividends paid = Total dividends paid minus Eligible -= 104 Note 5: Eligible RDTOH balance: 105 Balance, Dec 31 last year 106 Part IV tax on portfolio dividends received 107 + Part IV tax on "inter-co" dividends where paying Co. received eligible dividend refund 108 -Eli dividend relurid last year 109 Eli RDTOH balance 111 Note 6: Non-Eligible RDTOH balance: 112 Balance, Dec 31 last year 113 + Part I refundable tax Note 7 114 + Part IV taxes on "inter-co" dividends where paying Co. received non-eligible dividend refund 115 - NEli dividend refund last year 116 NEli RDTOH balance, Dec 31 current year 118 Note 7: Part I Refundable Tax 119 The least ol: 120 30-2/3% of ALI. 121 30-2/3% of laxable income minus SBD income 122 Part I tax payable Ch13 Part ll In Class Question Template Ready 1 7007 Type here to search O 0 P ws x x] AC 4 0 ENG 1602 11-10-2020