A Canadian-controlled private corporation (CCPC) received taxable dividends from public corporations of $18,000. It also...
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A Canadian-controlled private corporation (CCPC) received taxable dividends from public corporations of $18,000. It also received taxable dividends of $6,000 and capital dividends of $3,000 from a connected CCPC. The connected CCPC did not have any eligible or non-eligible refundable dividend tax on hand (ERDTOH/NERDTOH). What amount of Part IV tax must the CCPC pay?
Options:
- $6,900
- $2,300
- $9,200
- $10,350
canadian tax
A Canadian-controlled private corporation (CCPC) received taxable dividends from public corporations of $18,000. It also received taxable dividends of $6,000 and capital dividends of $3,000 from a connected CCPC. The connected CCPC did not have any eligible or non-eligible refundable dividend tax on hand (ERDTOH/NERDTOH). What amount of Part IV tax must the CCPC pay?
Options:
- $6,900
- $2,300
- $9,200
- $10,350
canadian tax
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