Tax Alert: Capital dividend account and the new two-thirds inclusion rate
A corporation may add the non-taxable portion of realized capital gains to its capital dividend account and distribute those amounts tax-free to its Canadian resident shareholders. Based on the government’s budget announcement in April, it seemed to be widely accepted that 50 per cent of capital gains realized before June 25 should be added to …
Tax Alert: Capital dividend account and the new two-thirds inclusion rate Read More »
