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Taxation of a CCPC - The Basics
Unlock the fundamental tax principles governing Canadian Controlled Private Corporations. Master income classification, tax rates, and integration to strategically minimize liabilities.schedule1h
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19 Courses
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Alex Garber, CPA, CA, MTax has been working in public accounting since 2004, focusing primarily on income taxation for Canadian owner-managed businesses and their shareholders. Alex presents PD semin...
About this course
LSO
The most common type of corporation that exists in Canada is a Canadian-Controlled Private Corporation (“CCPC”). Unfortunately, there are a myriad of tax rules that apply specifically to CCPCs, making taxation of them quite complicated and challenging for business owners and advisors alike. In this course, we will discuss the basics of how a CCPC pays tax in Canada.
Topics covered include:
- What is a CCPC?
- Different types of income earned by a CCPC – how they are determined
- Different types of income earned by a CCPC – how they are taxed (Federal and Ontario)
- What is integration and how does it work?
- Why are dividends “eligible” and “non-eligible”?
- What is GRIP and why does it exist?
- What is RDTOH and why does it exist?
- How is RDTOH calculated?
- Example – RDTOH calculation
- Why is RDTOH split into ERDTOH and NERDTOH?
- Example – ERDTOH and NERDTOH calculation