ADMS 4562 Lecture Notes - Lecture 5: Dividend Tax, Income Splitting, Share Capital

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

Document Summary

Ak/adms 4562. 03 - corporate tax lecture 5 notes. Tonight"s topics and problem set: ,000 qsbc capital gains exemption chapter 13 (13340 to 13355); s. 110. 6. See problems contained in these notes and. Problem set (in separate document: income splitting with family members as shareholders, corporate attribution rules. Chapter 13, exercises 8 and 10 (you can assume that the appropriate dividend gross up is. The availability of the ,000 (in 2013) lifetime capital gains exemption is an advantage of incorporating a small business (a ccpc earning active business income in. This same exemption is also available for capital gains on certain farming and fishing assets. This course will not focus on family farms or fishing properties. Note that the ,000 capital gains exemption is really a ,000 taxable capital gains deduction because only of a capital gain is included in income. Each individual has a lifetime total ,000 (in 2013) capital gains exemption (c. g. e.