 Canadian Tax Principles (2021)
Preface
2021 Rates, Credits, and Other Data
Chapter 1 Introduction to Federal Taxation in Canada
Chapter 2 Procedures and Administration
Chapter 3 Income or Loss from an Office or Employment
Chapter 4 Taxable Income and Tax Payable for Individuals
Chapter 5 Capital Cost Allowance
Chapter 6 Income or Loss from a Business
Chapter 7 Income or Loss from Property
Chapter 8 Capital Gains and Capital Losses
Chapter 9 Other Income and Deductions, and Other Issues
Chapter 10 Retirement Savings and Other Special Income Arrangements
Chapter 11 Taxable Income and Tax Payable for Individuals Revisited
Chapter 12 Taxable Income and Tax Payable for Corporations
 Chapter 13 Taxation of Corporate Investment Income
Introduction Integration The Basic Concept The Goal Integration Procedures Eligible vs. Non-Eligible Dividends The Problem Eligible Dividends Non-Eligible Dividends Importance Rates Required for Integration Corporate Tax Rates and Provincial Dividend Tax Credits Actual vs. Required Corporate Tax Rates Actual vs. Required Dividend Tax Credits Alternative Calculations for Dividend Tax Credits Refundable Taxes on Investment Income Meaning of aggregate investment income—ITA 129(4) Regular Meaning Basic Concepts The Problem The Refundable Tax Solution Refundable Part I Tax on Investment Income Additional Refundable Tax on Investment Income (ART)—ITA 123.3 Basic Calculations Refundable Part I Tax Basics Concepts Illustrated Use of Other Rates in Refundable Part I Tax Example Refundable Part IV Tax Basics Connected Corporations—ITA 186(2), (4), & (7) Part IV Analysis Flowchart Example #1—Connected Corporation Dividends Example #2—Connected Corporation Dividends Other Part IV Tax Considerations Designation of Eligible Dividends Basic Concepts CCPCs—The General Rate Income Pool (GRIP)—ITA 89(1) Other Corporations—The Low Rate Income Pool (LRIP)—ITA 89(1) Part III.1 Tax—Excessive Eligible Dividend Designations (EEDD)—ITA 185.1 EEDD for a CCPC EEDD for Other Corporations A Final Word on Eligible Dividends Refundable Dividend Tax on Hand (RDTOH)—ITA 129(4) Overview—Part I and IV Understanding the New RDTOH System Refundable Part I Tax Payable—ITA 129(4) "Non-Eligible RDTOH" Basic Formula Investment Income Constraint—ITA 129(4)(a)(i) Taxable Income Constraint—ITA 129(4)(a)(ii) Part I Tax Payable Constraint—ITA 129(4)(a)(iii) Formula for Part I Tax Addition to RDTOH Eligible and Non-Eligible RDTOH Accounts—ITA 129(4) Dividend Refund Basics Eligible RDTOH Defined Non-Eligible RDTOH Defined The Dividend Refund Dividend Refund on Eligible Dividends—ITA 129(1) Dividend Refund on Non-Eligible Dividends—ITA 129(1) Economic Impact of Changes The Impact Illustrated Example of the Taxation of Corporate Investment Income Working through Corporate Tax Problems References Appendix—ART and Foreign Tax Credit Calculations Sample Corporate Tax Return Sample Problem Data Notes On Sample Corporate Tax Return Loss Carry Forwards Building Sale Aggregate Investment Income Active Business Income M&P CCA – Class 53 & Schedule 8 Capital Dividend Account djusted Aggregate Investment Income (AAII) & The New Passive Investment Rules (ITA 125(5.1)) GRIP, Dividend Refunds, and Eligible and Non-Eligible RDTOH Completed Tax Return in PDF format Chapter 14 Other Issues in Corporate Taxation
Chapter 15 Corporate Taxation and Management Decisions
Chapter 16 Rollovers Under Section 85
Chapter 17 Other Corporate Rollovers and Sale of a Corporate Business
Chapter 18 Partnerships
Chapter 19 Trusts and Estate Planning
Chapter 20 International Issues in Taxation
Chapter 21 GST/HST
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