Capital Dividend Account definition

Capital Dividend Account of a corporation shall mean the capital dividend account of the corporation as defined in subsection 89(1) of the Tax Act;
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Examples of Capital Dividend Account in a sentence

  • For a “leveraged insured annuities” plan, certain changes include annual accrual-based taxation, non-deductible premiums and no addition to the Capital Dividend Account (“CDA”) from a resulting death benefit, effective for taxation years ending after March 20, 2013.

  • Sabex which in turn credit to Capital Dividend Account (Exempt from tax vs.

  • This type of clientele can also benefit from the added flexibility of YRT costs, should they be looking to: — Manage fluctuating revenues— Pay taxes upon the shareholder’s death— Maximize the Capital Dividend Account (CDA)— Maintain access to a source of liquidity for additional security.

  • If your corporation owned and sold “winners” in the past, determine your corporation’s Capital Dividend Account balance (the untaxed or tax-free portion of the stocks that did well).

  • The amount of the proceeds less Opco’s adjusted cost base (ACB) of the insurance policy would be credited to the Opco’s Capital Dividend Account (CDA).

  • Placer Dome stands for the proposition that subsection 55(2) requires a subjective understanding for the purpose test and an objective approach for the result test.In Question 4, the CRA also confirmed that both a deemed gain under paragraph 55(2)(c) and an addition to the Capital Dividend Account (“CDA”) occur at the time the dividend was paid.In Question 5, the CRA answered questions as to the interaction between paragraph 55(5)(f) and subsection 55(2.3) with subsection 55(2.1).

  • It also takes advantage of the Corporate Capital Dividend Account to payThis strategytypically appeals to client ages 50+4tax-free capital dividends to Canadian resident shareholders.

  • The mechanism which tracks the tax-free portion of capital gains is known as the Capital Dividend Account (CDA).The CDA is an important aspect of the integration process.

Related to Capital Dividend Account

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Capital Distribution means, with respect to any Person, a payment made, liability incurred or other consideration given for the purchase, acquisition, repurchase, redemption or retirement of any Equity Interest of such Person or as a dividend, return of capital or other distribution in respect of any of such Person’s Equity Interests.

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Investment Account As defined in Section 3.12(a).

  • Annual Fixed Dividend Rate means, for any Subsequent Fixed Rate Period, the annual rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.16%.