My corporation has a balance of about $30,000 in its RDTOH account. How can my corporation get this money back?
Corporate Tax Refund From RDTOH Account
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Hi Suresh,
There are two types of RDTOH accounts—NERDTOH and ERDTOH. Your corporation should pay you an eligible dividend to receive a refund from the ERDTOH account and a non-eligible dividend to receive a refund from the NERDTOH account. Your corporation will receive a refund of $38 for every $100 dividend paid.
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