Sentences with phrase «ineligible dividends»

The main difference between eligible and ineligible dividends is how they are treated on the Canadian federal income tax return.

In 2012 the federal dividend tax credit was 15.1098 percent of the taxable amount of eligible dividends and 13.3333 percent of the taxable amount of ineligible dividends.

My accountant says those dividends I receive from public corps are taxed at 28 %, then they are treated as ineligible dividends when I take them out from my corp..

The amount will vary depending on your province of residence at the end of the year and whether the dividend is an eligible or an ineligible dividend.

The provinces all have their own dividend tax credit rates (refer to the individual tax tables for a comparison of the top marginal eligible and ineligible dividend rates by province).

Not exact matches

The ex-dividend date is the date on or after which any new shareholders become ineligible to receive the next dividend.

Taxable dividends from Canadian resident corporations that are not designated as eligible dividends are ineligible (or regular) dividends.

Types of dividends that are ineligible for this program include those from securities held in your name outside your account, optional dividends, and certain special dividends.

EIF — one of your darlings — issues both an eligible & ineligible portion of a single dividend payment.