Can we reduce our revenues by the dividends we paid?

Allan Madan, CA

Apr 18, 2012

0 Comments

No, dividends are not an expense.

Disclaimer

The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

ABOUT THE AUTHOR

ALLAN MADAN

CA.CPA.CGA

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.

Related Resources

More from my site

Business & Corporate Tax

My bank won’t approve a mortgage to my corporation for the purchase of an investment property. Can I use a bare trust?

Will I have to report any taxable benefit on the personal tax return for exercising employee stock options at a private corporation?

What is the ‘small business deduction’?

Is there a quarterly remittance requirement for GST/HST similar to Income Tax?

U.S. & Cross Border Tax

If I am employed by a US company but perform work both in Canada and the US, should I just receive a W-2?

A US corporation is considering doing business in Canada. What are some of the formalities that must be fulfilled?

If I am sending Canadian employees to work in the United States, do I need to withhold social security taxes from their pay in both Canada and the USA?

Which US states allow the formation of LLLPs for US real estate investments?

Personal Tax

If I perform a service in one province for a client located in another province, how do I determine which GST/HST rate to charge?

Can I claim EI if I am self-employed?

If my total income from all sources (including EI benefits for maternity) is high, am I required to repay some of the EI I received?

How do I amend my HST return?

Pin It on Pinterest

Share This