Sask small biz

[farmaholic]

Is what you're trying to tell me there is a disconnect between when the corporate income was earned and taxed and the year the dividend was declared and received by the shareholder?

Is it that the gross up in the dividend used to calculate the tax payable by the shareholder may not be reflective of the corporate tax rate that was paid when the corporate income was earned?

It is convoluted

[Richard5]

Is what you're trying to tell me there is a disconnect between when the corporate income was earned and taxed and the year the dividend was declared and received by the shareholder?

Is it that the gross up in the dividend used to calculate the tax payable by the shareholder may not be reflective of the corporate tax rate that was paid when the corporate income was earned?

It is convoluted

Yeah essentially