Madan Internal Training


Madan Internal Training

U.S. Training for Tax ID Numbers & Withholding Tax Forms

This training material covers these 4 topics: Individual Taxpayer Identification Number, Employer Identification Number and Form W8-BEN/W8-Ben-E. Continue reading

Madan Internal Training

Clearance Certificate Application Procedure

This training material covers the procedures involved in obtaining a Clearance Certificate in respect of a deceased person’s assets. A Clearance Certificate must be obtained prior to disbursing assets of the deceased to his/her family members. Continue reading

Madan Internal Training

Sample Penalty Abatement Letters

This training material gives practical examples of how to request a cancellation of IRS penalty. The following letter samples include: – E1 Penalty Abatement Request – E3 Reasonable Cause Statement Transmittal – E5 Reasonable Cause Statement – Illness – E6 Reasonable Cause Statement – Ignorance of the Law – E13 Penalty First Time Abate Request Continue reading

Madan Internal Training

Resolution for Issuance of Shares

This is a sample of a Director’s resolution for the issuance of shares in the capital stock of a corporation. When a new company is incorporated, this resolution should be signed by the director(s). Continue reading

Madan Internal Training

Family Trust Resolutions

This training material provides two resolutions for a Family Trust. Resolutions of trustees can be used to allocate income to beneficiaries. Continue reading

Madan Internal Training

Certificate of Compliance

This training material provides two general examples of what is needed for a Certificate of Compliance. Sample 1 illustrates an example for a rental property, which includes T2062 and T2062-A. Sample 2 is for principle residence and includes T2062 and T2091. Continue reading

Madan Internal Training

Capital Dividend Election

This training material provides an example of a capital dividend election. These documents must be prepared and approved by the CRA before the payment of a capital dividend.  The director’s resolution should be notarized by a Notary Public and have the director’s original signature (ink). Please send them to the nearest tax service office for … Continue reading Capital Dividend Election Continue reading

Madan Internal Training

Articles of Incorporation – Template

Please use this template for articles of incorporation for Ontario and Federal purposes. If you are setting up a BC incorporation, please click here. Continue reading

Madan Internal Training

Share Certificates (Common, Preference & Special)

Use these fillable templates to prepare a Common, Preference or Special Share Certificate. Continue reading

Madan Internal Training

45(2) Election Change in Use

Use this template to prepare a Subsection 45(2) election. When a taxpayer changes the use of his property from a principal residence to a rental property, there is a deemed disposition at that time. However, so long as the taxpayer did not claim CCA in respect of the property and is a resident of Canada, … Continue reading 45(2) Election Change in Use Continue reading

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