AFM 461 Lecture 2: Week 2.pdf
6 Nov 2013
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Pay the as a dividend, you have to pay dividend on the tax But it"s capital gain originally so it should only be taxed at 50%. Capital dividend account (you don"t get a t5 for it) collected the amount of tax free capital dividends you can have. Have to file an election to tell the got how, much is in your capital dividend account. There will be penalties so make sure the numbers are right: dividend incomes from m (included in div b income and deducted in div c deductions) But there is part iv tax on dividends. M is connected to c so part iv tax does not apply. If m gets a dividend refunded a result of paying dividend, then there will be a part iv tax. M doesn"t own shares or investment income so it won"t have a rdtoh income (refundable part i, part.
