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6 Cards in this Set
- Front
- Back
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Paid-up Capital |
The amount of money a company has received from shareholders in exchange for shares of stock. |
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RDTOH (Refundable dividend tax on hand) |
A notional account produced when a CCPC earns and pays tax on aggregate investment income or from the tax it pays on the applicable dividends it receives. |
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ACB (Adjusted Cost Base) |
The ACB is usually the cost of a property plus any expense to acquire it, such as commissions and legal fees. |
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CDA (Capital Dividend Account) |
A special corporate tax account that gives shareholders designated capital dividends, tax-free. |
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Capital dividend |
Also called a return of capital, is a payment a company makes to its investors that is drawn from it'd paid-in-capital or shareholders equity. |
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Capital Gains Stripping |
Transactions that reduce a vendor's taxable capital gain on shares held in another corporation by having that corporation pay a tax-deductible dividend to the vendor. |
