I have a questions:
Lets say Op Co. paid $150,000 to Hold co. that would generate $50,000 in
the RDTOH account. However, Op Co received a dividend refund. Should Hold
co. pay tax on the 50,000 or does it pay tax on the amount net of the
refund that op co received?
Taxation of Life Insurance Part IV - ACB Calculation
The two methods of calculating the ACB of a life insurance policy.
Allowable Business Investment Loss Canada
Free Guide to help claim an Allowable Business Investment Loss here: //www.taxwatchcanada.com/abil-allowable-business-investment-loss Includes: How ...
Taxation of Life Insurance Part VII - Capital Dividend Account
A brief description of the capital dividend account.
I will share this with others that need to get their head around some of
these issues and the Key Man insurance is something that Business Woners
should consider obtaining from their financial planner in addition to
coprroate owned life insurance on the shareholders obviously an often
over-looked item by financial planners I hope some fianncial planners in
Ontario that watch this video would want to work with me on their business
clients to take advantage of this for everyone's mutual benefit