Archive for the ‘In the News’ Category

Determining the CAPITAL DIVIDEND ACCOUNT BALANCE: no longer a shot in the dark?

Tuesday, August 9th, 2016

The capital dividend account (“CDA”) is a tax free surplus account within a private corporation which gives shareholders designated capital dividends, tax-free. The CDA typically contains the non-taxable portion of the company’s capital gains net of capital losses, capital gains received by other companies, proceeds of life insurance on death ...

Granny Dumping- continued….

Thursday, June 16th, 2016

Several years ago, I blogged on this topic. Sadly this issue continues. I spoke with a daughter yesterday who shared with me that she understood how families can get so overwhelmed that they feel that they have no choice but to leave a parent in the emergency department, and not return ...