The total dividend refund for the current year cannot exceed the combined balance of the Eligible RDTOH and the Non-Eligible RDTOH.

Question

Quizplus · Accepted Answer

This statement is true. The total dividend refund for the current year is limited to the combined balance of the Eligible RDTOH (Refundable Dividend Tax on Hand) and Non-Eligible RDTOH accounts. This ensures that a corporation cannot receive a refund greater than the total amount of refundable taxes it has paid.

The Total Dividend Refund for the Current Year Cannot Exceed