CAPITAL DIVIDENDS FROM A TRUST TO NON-RESIDENTS – TAX ISSUES

Tuesday, March 8th, 2016

Subject to the relevant sections of the Income Tax Act, a Canadian private corporation has a special corporate tax account known as a capital dividend account (“CDA”) which gives shareholders designated capital dividends, tax free. The CDA of a corporation may include the non-taxable portion of the company’s capital gains, ...

INCOME FROM TRUST – WHEN PAYABLE IS NOT PAID

Tuesday, February 23rd, 2016

Fellow bloggers and I have written in the past about how income from a Trust is not deemed payable to a beneficiary (pursuant to relevant sections of the Income tax Act) unless it has been paid to the beneficiary or the beneficiary has the legal right to demand payment during ...