ADMS 4562 Lecture Notes - Lecture 6: Dividend Tax, Issued Shares, B Roads In Zone 4 Of The Great Britain Numbering Scheme

• School: York University
• Department: Administrative Studies
• Course: ADMS 4562
• Professor: all

Document Summary

Ak/adms 4562 - corporate tax lecture 6 notes. This lecture"s topics and recommended problems: taxation of corporation distributions (deemed dividend rules) 1. 3 summary of different types of corporate distributions and their tax. Treatment (stock dividends, dividends in kind, deemed dividends) Review questions 2, 4, 5, multiple choice questions 1, 2 & 5, exercises 1 to 5: winding up a corporation after assets are sold, and, sale of unincorporated business / sale of assets. 15, (example problem 15240 and example problem 15320, but skip parts (b) to (d) of the example problem in 15320) Review questions 7, 9, multiple choice questions 3, 4 & 6, exercises 6 to 8. The puc of a class of shares = legal stated capital (lsc) of that. Class subject to adjustments found in the act. 99% of the time there are no adjustments. Under the ontario business corporations act (obca) and the canada business. Corporations act (cbca), the lsc of shares issued is generally.