Massena Ltd., a CCPC, had a $25,500 balance in its non-eligible RDTOH account on December 31, 2022, the end of its 2022 taxation year. It had a nil GRIP account balance on that same date. Massena Ltd. paid taxable dividends of $19,400 in 2022 and claimed a dividend refund of $5,400. View the additional information. What is the balance in Massena Ltd.'s non-eligible RDTOH account as of December 31, 2023? Additional Information A. $34,098 B. $28,698 OC. $36,135 OD. $24,750 The corporation's refundable portion of Part I tax for 2023 is $4,650. In addition, in 2023, Morgan paid Part IV tax of $7,437 on eligible portfolio dividends and Part IV tax of $3,948 on non-eligible dividends from a connected company. In 2023, Morgan Ltd. paid eligible dividends of $5,050 and claimed a dividend refund of $1,936.

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Massena Ltd., a CCPC, had a $25,500 balance in its non-eligible RDTOH account on December 31, 2022, the end of its 2022 taxation year. It had a nil GRIP account balance on that same date. Massena Ltd. paid taxable dividends of $19,400 in 2022 and claimed a dividend
refund
of $5,400.
View the additional information.
What is the balance in Massena Ltd.'s non-eligible RDTOH account as of December 31, 2023?
Additional Information
A. $34,098
B. $28,698
OC. $36,135
OD. $24,750
The corporation's refundable portion of Part I tax for 2023 is $4,650. In addition, in 2023,
Morgan paid Part IV tax of $7,437 on eligible portfolio dividends and Part IV tax of
$3,948 on non-eligible dividends from a connected company.
In 2023, Morgan Ltd. paid eligible dividends of $5,050 and claimed a dividend refund of
$1,936.
Transcribed Image Text:Massena Ltd., a CCPC, had a $25,500 balance in its non-eligible RDTOH account on December 31, 2022, the end of its 2022 taxation year. It had a nil GRIP account balance on that same date. Massena Ltd. paid taxable dividends of $19,400 in 2022 and claimed a dividend refund of $5,400. View the additional information. What is the balance in Massena Ltd.'s non-eligible RDTOH account as of December 31, 2023? Additional Information A. $34,098 B. $28,698 OC. $36,135 OD. $24,750 The corporation's refundable portion of Part I tax for 2023 is $4,650. In addition, in 2023, Morgan paid Part IV tax of $7,437 on eligible portfolio dividends and Part IV tax of $3,948 on non-eligible dividends from a connected company. In 2023, Morgan Ltd. paid eligible dividends of $5,050 and claimed a dividend refund of $1,936.
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