An RRSP scheme is usually a type of investment promotion offering a “tax-free” withdrawal to access directly or indirectly your RRSP funds. Some observed examples of RRSP schemes have included: withdrawal of funds from an RRSP or a registered retirement income fund (RRIF) without paying tax (promoters often promise to return part of the taxpayer’s […]Continue Reading... No Comments.
The gross-up and dividend tax credit are applicable to individuals, not corporations. Non-eligible dividends, also known as regular, ordinary, or small business dividends, are any dividends issued by a Canadian corporation, public or private, which are not eligible for the enhanced dividend tax credit. The non-eligible dividend tax credit rate is used for dividends received […]Continue Reading... No Comments.
The gross-up and dividend tax credit are applicable to individuals, not corporations. There is an enhanced dividend tax credit for eligible Canadian dividends received by individuals after 2005 from: public corporations resident in Canada other corporations resident in Canada that are not Canadian-controlled private corporations (CCPCs) and are subject to the general corporate tax rate […]Continue Reading... No Comments.
An annual general meeting (commonly abbreviated as AGM, also known as the annual meeting) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders. These meetings may be required by law or by the constitution, charter, or by-laws governing the body. The meetings are held to […]Continue Reading... No Comments.
(Quote from CRA) Did you know? Taxpayers who own specified foreign property costing more than $100,000 but less than $250,000 throughout the year can now file Form T1135, Foreign Income Verification Statement using a new simplified reporting method. This simplified reporting method reduces your paperwork while allowing the CRA to continue to address international tax […]Continue Reading... 1 Comment.