In this course, the participants will get an in-depth understanding of the complex rule of dividends such as connected, portfolio, eligible, ineligible, foreign, capital gain dividend and capital dividends and what are the tax implications of earning such types of dividends. We will take a deep dive into reviewing the recent changes in Part IV tax and NERDTOH & ERDTOH and what is the relevance of GRIP & LRIP. We will review the rules for the dividend refund.
There is a comprehensive case study that we will go through in the Profile tax T2 software that covers all the complex rules for passive and dividend income and foreign income where foreign taxes were paid. Other topics covered include active business vs. Specified Investment Business and capital gains and losses.
You don't want to miss the Comprehensive case study.
What you will learn?
- In-depth review of type of dividends - connected, portfolio, eligible, ineligible, foreign, capital gain dividend and capital dividends
- In-depth review and application of Part IV tax
- Walk through of Schedule 3
- In-depth review NERDTOH and ERDTOH
- Review of Dividend refund rules
- Passive income, Specified Investment Business