knowledge topics
Dividend Income Received by Investors - Other Topics
KNOWLEDGE EXPECTED OF: Both CFP® Professionals and QAFPTM Professionals
Dividends Received by a Canadian Controlled Private Corporation (CCPC) from a Canadian Corporation
- Explain the tax impact of dividend income received by a Canadian Controlled Private Corporation from a Canadian corporation, specifically knowledge such as:
- Generally, not subject to Part I tax
- Subject to part IV tax
- Impact on Refundable Dividend Tax On Hand (RDTOH) Account
Dividends Received by a Trust from a Canadian Corporation
- Explain the tax impact of dividend income received by a trust from a Canadian corporation.
- When maintained in the trust
- When distributed to beneficiary(ies) of the trust
Glossary of Verbs (mouse over to see definition)
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Define
To state exactly the meaning of
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Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
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Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
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Compare
To note the similarities and differences between two or more things
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Estimate
To determine an approximate value for
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Calculate
To find the value using mathematics
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Convert
To change from one form or purpose to another
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Evaluate
To reach a conclusion or make a judgement through careful study
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Interpret
To give the meaning of / to construe or understand / to translate orally
