Edmonton corp. is Canadian Controlled Private Corp. It has Dec 31 year-end. The following information relates to its 2020 Taxation y Taxable income amount of $135,000 Non-eligible dividend paid to...


Edmonton corp. is Canadian Controlled Private Corp. It has Dec 31 year-end. The following information relates to its 2020 Taxation y<br>Taxable income amount of $135,000<br>Non-eligible dividend paid to shareholders during the year of 2020, amount of $40,000;<br>Dividend refund for 2019 amount of $23,700 (from non-eligible)<br>Non-eligible dividend received from Canadian corporations $30,000<br>Non-eligible Refundable Dividend Tax on Hand balance at Dec 31, 2019 balance of $3,920<br>Aggregate Investment Income amount of $27,000<br>Amount eligible for small business deduction $105,000 (tax reduction SBD 19,950)<br>Part I tax payable $56,000<br>Based on the above, what is the balance of non-eligible Refundable Dividend Tax On Hand (RDTOH) at Dec 31, 20207<br>

Extracted text: Edmonton corp. is Canadian Controlled Private Corp. It has Dec 31 year-end. The following information relates to its 2020 Taxation y Taxable income amount of $135,000 Non-eligible dividend paid to shareholders during the year of 2020, amount of $40,000; Dividend refund for 2019 amount of $23,700 (from non-eligible) Non-eligible dividend received from Canadian corporations $30,000 Non-eligible Refundable Dividend Tax on Hand balance at Dec 31, 2019 balance of $3,920 Aggregate Investment Income amount of $27,000 Amount eligible for small business deduction $105,000 (tax reduction SBD 19,950) Part I tax payable $56,000 Based on the above, what is the balance of non-eligible Refundable Dividend Tax On Hand (RDTOH) at Dec 31, 20207

Jun 10, 2022
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