A capital dividend is a type of dividend that a private corporation pays to their shareholders (who must be residents of Canada). Capital dividends are tax-free, and you can qualify for a capital dividend under certain conditions.
To know more about capital dividends and how you can qualify, consult with a Toronto tax lawyer by calling Rotfleisch & Samulovitch PC today at 647-699-4314, or email us at firstname.lastname@example.org.
Rotfleisch & Samulovitch PC is a Toronto tax law firm that offers its services across all Canadian provinces. Its expertise includes income tax law, tax consultation and planning, voluntary disclosure, and other CRA tax issues.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."