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Company XYZ is a CCPC. This year has an opening non-eligible RDTOH of $20,000; cdn ABI income was $200,000; non- eligible, cdn dividend income (non-connected) was $10,000; cdn taxable capital gain income of $20,000; paid out dividend was $30,000. The small business deduction was $19,000. Part I tax was $40,000. There was an applied allowable net capita loss carry forward of $10,000. Taxable income was $270,000, assume all transactions and balances qualify for non-eligible status.   Please calculate the company`s ending noneligible RDTOH BEFORE this year `s dividednd refund this year?

Company XYZ is a CCPC. This year has an opening non-eligible RDTOH of $20,000; cdn ABI income was $200,000; non- eligible, cdn dividend income (non-connected) was $10,000; cdn taxable capital gain income of $20,000; paid out dividend was $30,000. The small business deduction was $19,000. Part I tax was $40,000. There was an applied allowable net capita loss carry forward of $10,000. Taxable income was $270,000, assume all transactions and balances qualify for non-eligible status.   Please calculate the company`s ending noneligible RDTOH BEFORE this year `s dividednd refund this year?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Company XYZ is a CCPC. This year has an opening non-eligible RDTOH of $20,000; cdn ABI income was $200,000; non- eligible, cdn dividend income (non-connected) was $10,000; cdn taxable capital gain income of $20,000; paid out dividend was $30,000. The small business deduction was $19,000. Part I tax was $40,000. There was an applied allowable net capita loss carry forward of $10,000. Taxable income was $270,000, assume all transactions and balances qualify for non-eligible status.

 

Please calculate the company`s ending noneligible RDTOH BEFORE this year `s dividednd refund this year? 

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