In this module, participants will examine how the Income Tax Act treats shareholders, with particular attention to dividends, shareholder benefits, loans to shareholders, and the concept of integration. Key provisions such as subsection 15(1), section 84 (deemed dividends), and section 120.4 (tax on split income) are unpacked in the context of both private and public corporations. CPAs will learn ...
In this module, participants will examine how the Income Tax Act treats shareholders, with particular attention to dividends, shareholder benefits, loans to shareholders, and the concept of integration. Key provisions such as subsection 15(1), section 84 (deemed dividends), and section 120.4 (tax on split income) are unpacked in the context of both private and public corporations. CPAs will learn how to identify shareholder benefit issues and apply tax-efficient strategies when structuring corporate payouts, bonuses, or equity transfers.
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