CDA, RDTOH, GRIP Explained in Under 10 Minutes (No Math)

Описание: Are you an incorporated professional in Canada confused by CDA, RDTOH, and GRIP on your corporate tax return? You're not alone, and you're probably leaving thousands of dollars on the table.

In this video, I'm going to explain corporate notional accounts in plain English, with no math. The secret is to stop thinking of them as accounts and start thinking of them as Tax Coupons the CRA gives you to prevent double-taxation.

By the end of this 10-minute guide, you'll understand:

How the CDA (Capital Dividend Account) is your Tax-FREE Coupon.
How the RDTOH (Refundable Dividend Tax On Hand) is your Cash-Back Coupon.
How the GRIP (General Rate Income Pool) is your Low-Tax Coupon.
This knowledge will change the way you talk to your accountant and help you extract money from your corporation in the most tax-efficient way possible.

Understanding these notional accounts—CDA, RDTOH, and GRIP—is crucial for any Canadian corporation, from doctors and physicians to small business owners and entrepreneurs. These accounts are the key to optimizing your corporate tax strategy, ensuring you don't overpay the CRA. This guide breaks down the complex Income Tax Act (ITA) rules into a simple coupon analogy, covering capital gains, dividend tax, and the difference between eligible and non-eligible dividends.

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DISCLAIMER: This information is for educational purposes only and should not be considered personal financial or tax advice. Please consult with a qualified accountant and financial planner to discuss your specific situation.

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