Question
dividend paid to connnected corporations S3
- May 8, 2022
- 1 reply
- 3 views
From my understanding, dividend paid to connected corporation should should entered into box 430. this amount subject to S.112 deduction and no part IV tax for HoldCo. For SubCo company, dividend paid to connected corporation should not be included in the taxable dividends paid （line 460）. the amount should be excluded from calculating dividend refund. Should we override line 460 mannually to remove amount paid to connected corporation?
