Question

AP 13-3 (Dividend Refund) Case 1 International Trading Company is a CCPC with a calendar-based taxation year end. On December 31, 2022, it had the following account balances: GRIP $150,000 Eligible RDTOH 38,333 Non-eligible RDTOH 76,667 During the 2022 taxation year, the corporation paid taxable dividends of $250,000. The corporation would like to maximize the amount of this dividend that is designated as eligible irrespective of whether it results in a dividend refund. Determine the amounts for the corporation's 2022 dividend refund on both eligible and non-eligible dividends. If the corporation had wanted to maximize its dividend refund while designating the maximum eligible dividend, what would the results have been? Case 2 Amadeus Ltd. is a CCPC with a calendar-based taxation year end. On December 31, 2022, it had the following account balances: GRIP $400,000 Eligible RDTOH 95,833 Non-eligible RDTOH 134,167 In 2022, the corporation paid taxable dividends of $500,000. It is the policy of the corporation to designate dividends as eligible only to the extent that a dividend refund is available. Determine the amounts of the corporation's 2022 dividend refund on both eligible dividends and non-eligible dividends paid.

          AP 13-3 (Dividend Refund)
Case 1
International Trading Company is a CCPC with a calendar-based taxation year end. On December 31, 2022, it had the following account balances:
GRIP	$150,000
Eligible RDTOH	38,333
Non-eligible RDTOH	76,667
During the 2022 taxation year, the corporation paid taxable dividends of $250,000. The corporation would like to maximize the amount of this dividend that is designated as eligible irrespective of whether it results in a dividend refund.
Determine the amounts for the corporation's 2022 dividend refund on both eligible and non-eligible dividends.
If the corporation had wanted to maximize its dividend refund while designating the maximum eligible dividend, what would the results have been?
Case 2
Amadeus Ltd. is a CCPC with a calendar-based taxation year end. On December 31, 2022, it had the following account balances:
GRIP	$400,000
Eligible RDTOH	95,833
Non-eligible RDTOH	134,167
In 2022, the corporation paid taxable dividends of $500,000. It is the policy of the corporation to designate dividends as eligible only to the extent that a dividend refund is available.
Determine the amounts of the corporation's 2022 dividend refund on both eligible dividends and non-eligible dividends paid.

AP 13-3 (Dividend Refund)
Case 1
International Trading Company is a CCPC with a calendar-based taxation year end. On December 31, 2022, it had the following account balances:
GRIP 150,000
Eligible RDTOH 38,333
Non-eligible RDTOH 76,667
During the 2022 taxation year, the corporation paid taxable dividends of250,000. The corporation would like to maximize the amount of this dividend that is designated as eligible irrespective of whether it results in a dividend refund.
Determine the amounts for the corporation's 2022 dividend refund on both eligible and non-eligible dividends.
If the corporation had wanted to maximize its dividend refund while designating the maximum eligible dividend, what would the results have been?
Case 2
Amadeus Ltd. is a CCPC with a calendar-based taxation year end. On December 31, 2022, it had the following account balances:
GRIP 400,000
Eligible RDTOH 95,833
Non-eligible RDTOH 134,167
In 2022, the corporation paid taxable dividends of500,000. It is the policy of the corporation to designate dividends as eligible only to the extent that a dividend refund is available.
Determine the amounts of the corporation's 2022 dividend refund on both eligible dividends and non-eligible dividends paid.

Added by Margaret A.

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