Corporate Tax - RDTOH, CDA and Other Tax Accounts

Overview:

Tax planners are confronted with a multitude of tax accounts that need to be considered in conjunction with each other. This course provides a detailed review of the key tax accounts for CCPCs and examines tax planning processes in the case of multiple tax accounts.

Integration is an important part of Canada’s Income tax system for private corporations, and the notional tax pools reviewed in this course are integral to the concept of integration. This course will provide a common framework for considering GRIP, refundable tax pools, LRIP and CDA. The focus of this course is applying an understanding of these pools to effective tax planning. The course includes mini cases that demonstrate complex issues involving multiple tax accounts.

Course Content:

In this course, you will gain knowledge about the following topics:

• Basic considerations for all tax accounts
• GRIP, LRIP, ERDTOH, NERDTOH and CDA – how to calculate and the impact each has on tax planning and transactions
• Loss carrybacks and the impact on each account
• Tax integration and planning considerations
• Practical overview in the completion of tax schedules and elections

Learning Objectives:

Upon completing this course, you should be able to:

• Describe the key attributes that need to be considered for the various notional tax pools
• Explain how to calculate the balance for GRIP, ERDTOH, NERDTOH, and CDA
• Develop an annual tax plan that makes use of the notional tax pools
• Describe how transactions that impact one pool might impact other pools

Who Will Benefit: 

Although all tax practitioners may benefit from this course, this topic targets professionals involved in tax planning for CCPCs and their shareholders.