BUSI 4005 Study Guide - Comprehensive Final Exam Guide - Dividend, Full Motion Video, Income Tax
20 Nov 2018
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Step: corporate dispose asset at fmv, shareholder acquire asset, consider paid and dividend receive = fmv asset, deny loss of transfer asset. Share consideration: must receive share as part of consideration. Fmv: fmv of non, fmv of non, fmv of non share consideration share consideration, lesser of share consideration, lesser of. Estate freeze freeze all or part of value of growing asset at current fmv in order to allow future growth of these asset accrue to next generation. Generate future cg for next generation retain source of income income tax splitting. Variation: partial freeze predecessor keep percentage of growth, melts- percentage appreciation back, thaw- unwound freeze, refreeze- new freeze estate, downstream- freeze subsidiary, deduction of taxable dividend. Qualified: taxable cad corp, taxable subsidiary reside in cad, foreign affliates taxed in foreign jurisdiction & has treaty with cad. Purpose: prevent double taxation of corp y. Rate (federal + provincial: ccpc -14. 5, others- 27. 5%
