Solution-What was Blackfoot NERDTOH balance at the end

What was Blackfoot NERDTOH balance at the end

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Reference no: EM132855724

Question - Blackfoot Portfolio Ltd. (Blackfoot) is a CCPC. The following information relates to the 2019 taxation year:

Non-eligible dividend received from a wholly owned subsidiary that is a CCPC is $3,000. The wholly owned subsidiary did not receive any dividend refund as a result of the dividends paid to Blackfoot.

AII is $1,000.

Part I tax payable before dividend refund is $1,000.

Taxable non-eligible dividends paid to shareholders are $2,000.

Opening NERDTOH balance after accounting for a prior-year dividend refund is $200.

There is no balance in ERDTOH.

Required - What was Blackfoot's NERDTOH balance at the end of 2019?

a) $306.67

b) $506.67

c) $586.67

d) $1,656.67

Reference no: EM132855724

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What was Blackfoot NERDTOH balance at the end

Reference no: EM132855724

Reference no: EM132855724

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