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Dividends paid to holding corporation

Posted By AnnaR over 9 years ago

Is there any form that needs to be submited to CRA when dividend is paid to holding corporation? Any help is greatly appreciated.

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0 Agate over 9 years ago

AnnaR:

If this is a non-profit or a charitable org then it will be handled differently on the T2 return and maybe tax-free. I would have to look at the numbers, the type of org, etc..
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0 Agate over 9 years ago

AnnaR:

If this is a non-profit or a charitable org then it will be handled differently on the T2 return and maybe tax-free. I would have to look at the numbers, the type of org, etc..
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0 AnnaR over 9 years ago in reply to Agate

the holding company is not a non-profit or charitable org.

The dividend was paid from the retained earnings of the sub company after tax. So the holding company should not be taxed again for the amount it received.

will schedule 3 accomplish this?
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